Our pivot point stands at 84.55.
Our preference: target 83.40.
Alternative scenario: the upside breakout of 84.55, would call for 84.95 and 85.19.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (84.27) but above its 50 period moving average (84.08).
Supports and resistances:
85.19 **
84.95 *
84.55 **
84.39
84.14 last
83.64
83.40 **
83.16 *
82.93 **
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 02-28-2023 at 21:41 UTC+1
Price reference: 84.14 last known on 02-28-2023 at 21:41 UTC+1
Investment horizon: INTRADAY