Date : 17 November 2020
Pivot point : 15108
Our preference : the upside prevails as long as 15108 is support.
Alternative scenario : the downside breakout of 15108 would call for 13247 and 12139.
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 positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 15112 and 13032).
Supports and resistances :
16605 – 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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