Our pivot point stands at 6.7712.
Our preference: our next up target stands at 7.1507.
Alternative scenario: below 6.7712, expect 6.6293 and 6.5448.
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 above its 20 and 50 period moving average (respectively at 6.8763 and 6.8743).
Supports and resistances:
7.3200 **
7.2354 *
7.1507 **
7.0661
6.8888 last
6.8270
6.7712 **
6.6293 *
6.5448 **
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 10:39 UTC+1
Price reference: 6.8888 last known on 04-11-2023 at 10:39 UTC+1
Investment horizon: ST