Date : 8 November 2021
Pivot point : 63904
Our preference : the upside prevails as long as 63904 is support.
Alternative scenario : below 63904, expect 61962 and 60806.
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 price is trading above both its 20 and 50 period moving average (respectively at 64395 and 62974).
Supports and resistances :
65432 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.