Our pivot point is at 0.6217.
Our preference: the upside prevails as long as 0.6217 is support.
Alternative scenario: the downside breakout of 0.6217 would call for 0.6189 and 0.6172.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6223 and 0.6225).
Supports and resistances:
0.6332 **
0.6315 *
0.6297 **
0.6280
0.6245 last
0.6229
0.6217 **
0.6189 *
0.6172 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 03-30-2023 at 11:44 UTC+1
Price reference: 0.6245 last known on 03-30-2023 at 11:44 UTC+1
Investment horizon: INTRADAY