0.6170 is our pivot point.
Our preference: rebound towards 0.6251.
Alternative scenario: the downside breakout of 0.6170 would call for 0.6141 and 0.6124.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6199 and 0.6238).
Supports and resistances:
0.6286 **
0.6269 *
0.6251 **
0.6234
0.6194 last
0.6182
0.6170 **
0.6141 *
0.6124 **
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 04-17-2023 at 07:25 UTC+1
Price reference: 0.6194 last known on 04-17-2023 at 07:25 UTC+1
Investment horizon: INTRADAY