Our pivot point stands at 0.8749.
Our preference: the upside prevails as long as 0.8749 is support.
Alternative scenario: below 0.8749, expect 0.8727 and 0.8714.
Comment: the RSI is above 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 0.8765 and 0.8761).
Supports and resistances:
0.8839 **
0.8826 *
0.8813 **
0.8800
0.8770 last
0.8757
0.8749 **
0.8727 *
0.8714 **
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 04-05-2023 at 04:18 UTC+1
Price reference: 0.8770 last known on 04-05-2023 at 04:18 UTC+1
Investment horizon: INTRADAY