0.6222 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.6222 would call for 0.6194 and 0.6177.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (0.6239) but below its 50 period moving average (0.6247).
Supports and resistances:
0.6334 **
0.6317 *
0.6300 **
0.6283
0.6247 last
0.6234
0.6222 **
0.6194 *
0.6177 **
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 11:09 UTC+1
Price reference: 0.6247 last known on 04-10-2023 at 11:09 UTC+1
Investment horizon: INTRADAY