Our pivot point stands at 0.5146.
Our preference: our next up target stands at 0.5474.
Alternative scenario: below 0.5146, expect 0.5021 and 0.4947.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5236 and 0.5236).
Supports and resistances:
0.5623 **
0.5549 *
0.5474 **
0.5400
0.5251 last
0.5195
0.5146 **
0.5021 *
0.4947 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-04-2024 at 06:06 UTC+1
Price reference: 0.5251 last known on 10-04-2024 at 06:06 UTC+1
Investment horizon: INTRADAY
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