Our pivot point is at 0.9807.
Our preference: the upside prevails as long as 0.9807 is support.
Alternative scenario: the downside breakout of 0.9807 would call for 0.9782 and 0.9767.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is below its 20 period moving average (0.9827) but above its 50 period moving average (0.9822).
Supports and resistances:
0.9902 **
0.9887 *
0.9872 **
0.9857
0.9827 last
0.9817
0.9807 **
0.9782 *
0.9767 **
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 04-14-2023 at 07:35 UTC+1
Price reference: 0.9827 last known on 04-14-2023 at 07:35 UTC+1
Investment horizon: INTRADAY