Current price is right at the top of longer term trend line
which converges right at the top of the shorter term trendline
. If prices can move above this zone it bodes well for higher prices depicting break out from both the channels. Bollinger bands
are opening which is bullish
is rising which is bullish
as well, RSI
is a little towards higher side but is rising and can rise more. Immediate resistance at 7.90 but it would mean a reversal is in play from the downtrend. Tomorrow's close would be important which can be a follow through of higher prices.