Our pivot point is at 0.5223.
Our preference: the downside prevails as long as 0.5223 is resistance.
Alternative scenario: the upside breakout of 0.5223, would call for 0.5362 and 0.5445.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5152 and 0.5173).
Supports and resistances:
0.5445 **
0.5362 *
0.5223 **
0.5168
0.5111 last
0.4938
0.4855 **
0.4772 *
0.4689 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2023 at 08:10 UTC+1
Price reference: 0.5111 last known on 04-03-2023 at 08:10 UTC+1
Investment horizon: INTRADAY
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