Our pivot point is at 0.8754.
Our preference: rebound.
Alternative scenario: below 0.8754, expect 0.8732 and 0.8719.
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 is trading above its 20 period moving average (0.8770) but under its 50 period moving average (0.8775).
Supports and resistances:
0.8839 **
0.8826 *
0.8813 **
0.8800
0.8773 last
0.8762
0.8754 **
0.8732 *
0.8719 **
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 03:56 UTC+1
Price reference: 0.8773 last known on 04-11-2023 at 03:56 UTC+1
Investment horizon: INTRADAY