Our pivot point is at 0.5129.
Our preference: rise to 0.5475.
Alternative scenario: the downside breakout of 0.5129 would call for 0.5005 and 0.4931.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under its 20 period moving average (0.5239) but above its 50 period moving average (0.5225).
Supports and resistances:
0.5623 **
0.5549 *
0.5475 **
0.5400
0.5227 last
0.5178
0.5129 **
0.5005 *
0.4931 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-04-2024 at 08:49 UTC+1
Price reference: 0.5227 last known on 10-04-2024 at 08:49 UTC+1
Investment horizon: INTRADAY
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