Our pivot point stands at 0.8752.
Our preference: the upside prevails as long as 0.8752 is support.
Alternative scenario: the downside breakout of 0.8752 would call for 0.8730 and 0.8717.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8766 and 0.8761).
Supports and resistances:
0.8838 **
0.8825 *
0.8812 **
0.8799
0.8772 last
0.8760
0.8752 **
0.8730 *
0.8717 **
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 05:54 UTC+1
Price reference: 0.8772 last known on 04-05-2023 at 05:54 UTC+1
Investment horizon: INTRADAY