0.8893 is our pivot point.
Our preference: the downside prevails as long as 0.8893 is resistance.
Alternative scenario: the upside breakout of 0.8893, would call for 0.9041 and 0.9129.
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 0.8782 and 0.8828).
Supports and resistances:
0.9129 **
0.9041 *
0.8893 **
0.8835
0.8765 last
0.8586
0.8498 **
0.8411 *
0.8323 **
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 10:41 UTC+1
Price reference: 0.8765 last known on 04-11-2023 at 10:41 UTC+1
Investment horizon: ST