0.6291 is our pivot point.
Our preference: target 0.6213.
Alternative scenario: the upside breakout of 0.6291, would call for 0.6319 and 0.6336.
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 price is below its 20 period moving average (0.6275) but above its 50 period moving average (0.6259).
Supports and resistances:
0.6336 **
0.6319 *
0.6291 **
0.6279
0.6267 last
0.6230
0.6213 **
0.6196 *
0.6179 **
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 03-23-2023 at 18:36 UTC+1
Price reference: 0.6267 last known on 03-23-2023 at 18:36 UTC+1
Investment horizon: INTRADAY