Date : 23 April 2021
Pivot point : 50217
Our preference : the downside prevails as long as 50217 is resistance.
Alternative scenario : above 50217, look for 51395 and 52096.
Comment : the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 51068 and 53019).
Supports and resistances :
49247 – 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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