Synthesis
Our pivot point is at : 0.569.
Our preference : short-term rebound possible with 0.686 as a target.
Alternative scenario : pressing 0.569 will trigger a return to 0.532 then 0.509.
Comment
The RSI is below 50. The MACD is above its signal line and negative. The setup is mixed. Furthermore, prices are below their 50 moving average (0.6239) but above their 20 moving average (0.5893).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 03/01 | 0.60 |
| Basic trend | Bearish | Pivot | 0.57 |
| Bracket 1 | 0.57 | Additional distance 1 | 0.09 |
| Bracket 2 | 0.53 | Additional distance 2 | 0.11 |
| Resistance 1 | 0.69 | Additional variation 1 | +15.00% |
| Resistance 2 | 0.71 | Additional variation 2 | +18.33% |
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