GBPNZD Bearish Divergence + DisequilibriumOn the hourly and half-an-hourly timeframe, GBPNZD is showing bearish divergence signalling a pullback/reversal from its highs. Furthermore, price action is making higher highs while the Relative Strength Index is forming lower highs .
Additionally, there is disequilibrium between price and the conversion line (Fast Moving Average) on the hourly and 4-hourly timeframe. Price should retreat to meet the conversion line before potentially creating even more disequilibrium between the conversion line and base line which should also meet bringing price even lower towards it. Any tips/advice on how I could improve this analysis?
Disequilibrium
EURCAD disequilibrium between conversion and base lines Firstly, Price is currently at the conversion line after disequilibrium between the conversion line and price action, now the conversion line and price is in disequilibrium with the base line on the 4-hour timeframe. Furthermore, price should look to make a move to the base line, but on the other hand, the overall trend is down which points towards a potential downtrend continuation after this pullback to the base line. Any tips on how I could improve analysis using Ichimoku?
$NVDA Pullback$NVDA to pull back to the slow-moving average (purple highlighted area), using it as support, then potentially move higher as shown by the bullish Ichimoku cloud. There is clear disequilibrium between the fast and slow-moving averages (base and conversion lines) and price action has already started moving towards the base line at roughly $569.63 and my analysis shows that it will continue to close the gap between the moving averages before a continuation of an uptrend. Thoughts on this analysis?