USDCNH potential bearish reversal
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.