Our pivot point is at 0.3934.
Our preference: as long as 0.3934 is support look for 0.4182.
Alternative scenario: below 0.3934, expect 0.3844 and 0.3791.
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 under its 20 period moving average (0.4032) but above its 50 period moving average (0.3904).
Supports and resistances:
0.4289 **
0.4236 *
0.4182 **
0.4129
0.4004 last
0.3969
0.3934 **
0.3844 *
0.3791 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-02-2023 at 09:23 UTC+1
Price reference: 0.4004 last known on 02-02-2023 at 09:23 UTC+1
Investment horizon: INTRADAY
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