Help center Contact us Register
arrow_forward_24px
Start Trading
Platforms
Trading Platforms
Trading Tools
Products
Markets
Instruments
Best conditions
Personal Finance New
Education
Analytics
About Admirals
Help center
Status Page
Register
menu_24px
  1. Home
  2. Analytics
  3. Technical Analysis
  4. EUR/USD Bullish Divergence at Strong Support

EUR/USD Bullish Divergence at Strong Support

April 10, 2017 15:20

The EUR/USD has formed a bullish divergence at the confluence - POC. The POC 1.0535-60 ( historical buyers, M L3, W L3, W L4, bullish divergence) is at the strong support indicated by camarilla pivot points. If 1.0500 stays strong the POC could reject the price towards 1.0618, 1.0650 and 1.0700. Have in mind that these are counter trend movements and the trend is still bearish. However due to a potential reversal at POC, the pair could reject towards above mentioned levels.

Follow @TarantulaFX on twitter for latest market updates

M L3 - Daily Camarilla Pivot (Monthly Interim Support)

M H3 - Daily Camarilla Pivot (Monthly Interim Resistance)

M H4 - Daily Camarilla Pivot (Very Strong Monthly Resistance)

M L4 - Daily Camarilla Pivot (Very Strong Monthly Support)

W L5 - Weekly Camarilla Pivot (Strongest Weekly Support)

W H3 - Weekly H3 Camarilla (Weekly Interim Resistance)

POC - Point Of Confluence (The zone where we expect price to react - aka entry zone)

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.