Our pivot point is at 0.5055.
Our preference: our next up target stands at 0.5280.
Alternative scenario: the downside breakout of 0.5055 would call for 0.4969 and 0.4918.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5113 and 0.5111).
Supports and resistances:
0.5382 **
0.5331 *
0.5280 **
0.5228
0.5123 last
0.5089
0.5055 **
0.4969 *
0.4918 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-26-2024 at 21:51 UTC+1
Price reference: 0.5123 last known on 10-26-2024 at 21:51 UTC+1
Investment horizon: INTRADAY
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