Identified : 9 October 2019
Our pivot point stands at : 8830
Our preference : the downside prevails as long as 8830 is resistance.
Alternative scenario : above 8830, look for 9605 and 10067.
Supports and resistances :
8144 – Last
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 pair is trading under both its 20 and 50 MAs (respectively at 9018 and 9948).
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
If you open a live account with a broker that support Trading Central, you’ll get all analytical.
Note : This information isn’t a buy-sell signal. Please use this information for your trade guideline.