0.9909 is our pivot point.
Our preference: the downside prevails as long as 0.9909 is resistance.
Alternative scenario: above 0.9909, look for 0.9931 and 0.9945.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.9897 and 0.9890).
Supports and resistances:
0.9945 **
0.9931 *
0.9909 **
0.9900
0.9889 last
0.9862
0.9848 **
0.9835 *
0.9821 **
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 03-27-2023 at 07:38 UTC+1
Price reference: 0.9889 last known on 03-27-2023 at 07:38 UTC+1
Investment horizon: INTRADAY