Our pivot point is at 0.6244.
Our preference: as long as 0.6244 is resistance look for 0.6155.
Alternative scenario: above 0.6244, look for 0.6272 and 0.6289.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (0.6217) but below its 50 period moving average (0.6223).
Supports and resistances:
0.6289 **
0.6272 *
0.6244 **
0.6233
0.6218 last
0.6172
0.6155 **
0.6138 *
0.6121 **
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 04-11-2023 at 03:58 UTC+1
Price reference: 0.6218 last known on 04-11-2023 at 03:58 UTC+1
Investment horizon: INTRADAY