Our pivot point stands at 0.0845.
Our preference: the upside prevails as long as 0.0845 is support.
Alternative scenario: the downside breakout of 0.0845 would call for 0.0817 and 0.0801.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0830 and 0.0820).
Supports and resistances:
0.0963 **
0.0947 *
0.0931 **
0.0914
0.0876 last
0.0855
0.0845 **
0.0817 *
0.0801 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2022 at 16:22 UTC+1
Price reference: 0.0876 last known on 11-25-2022 at 16:22 UTC+1
Investment horizon: INTRADAY
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