Our pivot point is at 0.8823.
Our preference: the downside prevails as long as 0.8823 is resistance.
Alternative scenario: the upside breakout of 0.8823, would call for 0.8848 and 0.8863.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8800 and 0.8799).
Supports and resistances:
0.8863 **
0.8848 *
0.8823 **
0.8813
0.8795 last
0.8763
0.8748 **
0.8733 *
0.8718 **
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 11:31 UTC+1
Price reference: 0.8795 last known on 03-30-2023 at 11:31 UTC+1
Investment horizon: INTRADAY