Our pivot point is at 0.6338.
Our preference: the downside prevails as long as 0.6338 is resistance.
Alternative scenario: the upside breakout of 0.6338, would call for 0.6367 and 0.6384.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6312 and 0.6320).
Supports and resistances:
0.6384 **
0.6367 *
0.6338 **
0.6326
0.6312 last
0.6277
0.6259 **
0.6242 *
0.6225 **
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 21:55 UTC+1
Price reference: 0.6312 last known on 04-05-2023 at 21:55 UTC+1
Investment horizon: INTRADAY