Our pivot point is at 0.7903.
Our preference: as long as 0.7903 is support look for 0.8376.
Alternative scenario: the downside breakout of 0.7903 would call for 0.7759 and 0.7673.
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 above its 20 and 50 period moving average (respectively at 0.8070 and 0.7724).
Supports and resistances:
0.8549 **
0.8463 *
0.8376 **
0.8290
0.8104 last
0.7959
0.7903 **
0.7759 *
0.7673 **
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 10:48 UTC+1
Price reference: 0.8104 last known on 11-15-2024 at 10:48 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