CGG: bearish below 0.604 (AT)


Synthesis

0.604 is our pivot point.

Our preference : bearish below 0.604.

Alternative scenario : the overflow of 0.604 will validate an increase on 0.641 and 0.664.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The setup is bearish. Additionally, prices are below their 20 and 50 moving averages, currently located at 0.6089 and 0.6405.

Technical analysis
TendencyCalculated data
Technical adviceNeutralCourse on 13/120.55
Basic trendBearishPivot0.60
Bracket 10.49Additional distance 1– 0.06
Bracket 20.47Additional distance 2– 0.08
Resistance 10.60Additional variation 1-10.91%
Resistance 20.64Additional variation 2-14.55%
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