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Home >> Stock Forums >> Regular Bearish Divergence AUD/NZD

Regular Bearish Divergence AUD/NZD

DannyBly said: "Price having broken out from the trend channel as shown on the daily chart continues to make higher highs. Meanwhile RSI has been making lower highs, suggesting a possible trend reversal. Support should exist along the upper trend channel line (formerly resistance). [IMG]http://www.traderslog.com/static/images/uploads/audnzd.jpg[/IMG]"

AlfredSokol said: "Let me ask you this: is forex trading basically 100% technical?"

DannyBly said: "not necessarily - alot of traders just trade using fundamental analysis -"

AlfredSokol said: "[QUOTE=DannyBly;70627]not necessarily - alot of traders just trade using fundamental analysis -[/QUOTE] So its similar to the stock market with people basing decisions on charts or news then? How long does your average trade take? Hours?"