Our pivot point stands at 0.8565.
Our preference: as long as 0.8565 is support look for 0.9235.
Alternative scenario: below 0.8565, expect 0.8409 and 0.8316.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8714 and 0.8316).
Supports and resistances:
0.9426 **
0.9331 *
0.9235 **
0.9140
0.8751 last
0.8626
0.8565 **
0.8409 *
0.8316 **
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 11-15-2024 at 21:53 UTC+1
Price reference: 0.8751 last known on 11-15-2024 at 21:53 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf