Date : 10 August 2020
Pivot point : 11875
Our preference : the upside prevails as long as 11875 is support.
Alternative scenario : below 11875, expect 11690 and 11580.
Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 11780 and 11706).
Supports and resistances :
12032 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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