Our pivot point is at 6.8630.
Our preference: the upside prevails as long as 6.8630 is support.
Alternative scenario: below 6.8630, expect 6.8408 and 6.8276.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.8784 and 6.8761).
Supports and resistances:
6.9500 **
6.9368 *
6.9236 **
6.9104
6.8825 last
6.8717
6.8630 **
6.8408 *
6.8276 **
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 19:51 UTC+1
Price reference: 6.8825 last known on 04-05-2023 at 19:51 UTC+1
Investment horizon: INTRADAY