RSI made new lows whilst price continues to make new highs. This indicates buying momentum is easing.
Price is above the 20 moving average, indicating price may be pausing for a further push to the upside or reverse for a new downtrend.
If RSI breaks below the 50 line then momentum will be weighted towards a bearish move. Keep on eye on this pair.
Price is above the 20 moving average, indicating price may be pausing for a further push to the upside or reverse for a new downtrend.
If RSI breaks below the 50 line then momentum will be weighted towards a bearish move. Keep on eye on this pair.