/biz/ - Business & Finance

>>671929

here is an example
>pic related

it's the aud/usd on a weekly time frame (different ma time periods used)

you can see that the ma difference is actually higher than the last two previous highs, though this indicator wasn't made to be viewed in a candlestick which would give an even more accurate picture

while the rsi has shown divergence

you can start building up positions or wait for price to drop maybe 100 or so pips then start and then target either the ema as the exit or .915 or 1.035

though i would also look at factors such as the american economy/dollar stength, the australian economy, and the surrounding economies such as japan and china since this is on the weekly time frame