Our pivot point is at 0.9219.
Our preference: the upside prevails as long as 0.9219 is support.
Alternative scenario: the downside breakout of 0.9219 would call for 0.9198 and 0.9185.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9227 and 0.9226).
Supports and resistances:
0.9303 **
0.9290 *
0.9277 **
0.9265
0.9239 last
0.9228
0.9219 **
0.9198 *
0.9185 **
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 03-22-2023 at 18:39 UTC+1
Price reference: 0.9239 last known on 03-22-2023 at 18:39 UTC+1
Investment horizon: INTRADAY