Our pivot point stands at 0.6337.
Our preference: the downside prevails as long as 0.6337 is resistance.
Alternative scenario: the upside breakout of 0.6337, would call for 0.6366 and 0.6383.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6333 and 0.6314).
Supports and resistances:
0.6383 **
0.6366 *
0.6337 **
0.6326
0.6304 last
0.6267
0.6249 **
0.6232 *
0.6215 **
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 12:23 UTC+1
Price reference: 0.6304 last known on 04-05-2023 at 12:23 UTC+1
Investment horizon: INTRADAY