Today's trade setup on NZDUSD we see a nice bullish divergence trading opportunity, we see that this pair may bounce from its support level which lies at 0.8125 zone. ON 1 hour chart slow stochastic was making higher high, but price action was showing lower low, hence in near term this pair can move higher if risk in market comes back. There is no fundamental news for New Zealand today, hence ... [Continue Reading]
Bullish divergence was spotted on charts of Nifty future
Nifty future charts are showing the sign of a reversal, as we have spotted bullish divergence on the weekly charts. Divergence is formed when there is slow down in the current momentum, on the below chart see nifty future is making a lower low as compared to previous one, but slow stochastic indicator is making higher low there is divergence in price and indicator. This hints that nifty future is ... [Continue Reading]