Our pivot point stands at 0.6224.
Our preference: rebound towards 0.6306.
Alternative scenario: below 0.6224, expect 0.6192 and 0.6174.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.6247) but under its 50 period moving average (0.6256).
Supports and resistances:
0.6343 **
0.6324 *
0.6306 **
0.6287
0.6250 last
0.6236
0.6224 **
0.6192 *
0.6174 **
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 03-20-2023 at 18:36 UTC+1
Price reference: 0.6250 last known on 03-20-2023 at 18:36 UTC+1
Investment horizon: INTRADAY