Our pivot point stands at 0.6257.
Our preference: the downside prevails as long as 0.6257 is resistance.
Alternative scenario: above 0.6257, look for 0.6286 and 0.6303.
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 0.6246 and 0.6252).
Supports and resistances:
0.6303 **
0.6286 *
0.6257 **
0.6246
0.6234 last
0.6196
0.6179 **
0.6162 *
0.6145 **
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 04-10-2023 at 05:24 UTC+1
Price reference: 0.6234 last known on 04-10-2023 at 05:24 UTC+1
Investment horizon: INTRADAY