Date : 1 April 2022
Pivot point : 45760
Our preference : the downside prevails as long as 45760 is resistance.
Alternative scenario : above 45760, look for 47090 and 47880.
Comment : the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 45301 and 46215).
Supports and resistances :
44702 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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