Review of past RSI divergence on USDCAD
I was was doing some reading on RSI divergence and wanted to see if I could find any examples. Up to now I had not been looking for this indicator. My Google search criteria was “using trendlines on RSI” and the first article I found from Admiral Markets was quite helpful (disclaimer – I am not associated with Admiral Markets in any way and in fact had only heard of them once or twice). A lot of further reading can be found via this search criteria.
The first chart at random that I looked at had two really good examples. 29 to 31 May 2019 the RSI is trending down (solid red line), but the PA is still rising. But as soon as we see a break and close below the RSI trendline (purple dotted) later on 31 May 2019, the PA enters a consistent DT until 9 June 2019. The RSI trendline looks flat but is sloping downward from 81.73 to 78.57.
A similar example occurs shortly thereafter with the RSI trending down from 14 to 18 June 2019 where the PA is up or at least flat. That followed with another consistent DT until 28 June 2019. This RSI trendline has a more obvious downward slope.
No real conclusion here other than I found these examples without much difficulty. So I will start trialing this indicator and may add it to my analyses going forward. I thought this was interesting and wanted to share it.
The first chart at random that I looked at had two really good examples. 29 to 31 May 2019 the RSI is trending down (solid red line), but the PA is still rising. But as soon as we see a break and close below the RSI trendline (purple dotted) later on 31 May 2019, the PA enters a consistent DT until 9 June 2019. The RSI trendline looks flat but is sloping downward from 81.73 to 78.57.
A similar example occurs shortly thereafter with the RSI trending down from 14 to 18 June 2019 where the PA is up or at least flat. That followed with another consistent DT until 28 June 2019. This RSI trendline has a more obvious downward slope.
No real conclusion here other than I found these examples without much difficulty. So I will start trialing this indicator and may add it to my analyses going forward. I thought this was interesting and wanted to share it.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.