US$ Bearish Divergence?... John Poage of Timingcharts.com provides the above chart showing a strengthening US$ with diminishing price momentum - this is called a divergence. The rise is losing its momentum... note also the Williams %R indicator (another momentum indicator) - red over -20 indicates overbought, blue under -80 indicates oversold...Sunday, February 28, 2010
US$ Bearish Divergence?... John Poage of Timingcharts.com provides the above chart showing a strengthening US$ with diminishing price momentum - this is called a divergence. The rise is losing its momentum... note also the Williams %R indicator (another momentum indicator) - red over -20 indicates overbought, blue under -80 indicates oversold...
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