Range Breakout: The pair has been trading within a range, and the breakout from this range signals potential bullish momentum. A breakout indicates that the price is ready to move out of its consolidation phase, with buyers now in control.
RSI Bullish Divergence: The Relative Strength Index (RSI) indicates a bullish divergence, meaning while the price was making lower lows within the range or downtrend, the RSI was making higher lows. This suggests that selling momentum is weakening, and buyers are starting to gain strength.
RSI Bullish Divergence: The Relative Strength Index (RSI) indicates a bullish divergence, meaning while the price was making lower lows within the range or downtrend, the RSI was making higher lows. This suggests that selling momentum is weakening, and buyers are starting to gain strength.
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