In this week’s Forex video I will show you that several currency pairs have MACD divergence as I am writing this post. Don’t know what MACD Divergence is? That’s okay! Keep reading, and I will explain.
In this blog post, I will also give you an opportunity to access a new FREE resource that most educators would provide you with access to, only after charging you hundreds of dollars.
What is MACD Divergence?
So you are asking yourself what MACD divergence is. Well, MACD divergence is when a currency pair, Futures’ contract or stock makes a new high, but the MACD indicator fails to make a new high. Divergence can also be when a currency pair, Futures’ contract or stock makes a new low, but the MACD indicator does not make a new low. MACD divergence indicates that momentum is running out of steam. When you see MACD divergence, you can think possible trend change.
New Traders Resource
Next week I will be launching a FREE traders’ resource that will allow traders to meet-up in a webinar event. I will be moderating this event. The goal of this meet-up is for traders to discuss what’s working now and what has not worked well in the past. What I hope to achieve by bringing everyone together is to accelerate the learning curve for you. All traders will get the chance to speak if they wish.