0.6337 is our pivot point.
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 0.6384.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6315 and 0.6321).
Supports and resistances:
0.6384 **
0.6366 *
0.6337 **
0.6326
0.6308 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 04-06-2023 at 02:59 UTC+1
Price reference: 0.6308 last known on 04-06-2023 at 02:59 UTC+1
Investment horizon: INTRADAY