Synthesis
16.9 is our pivot point.
Our preference : bearish below 16.9.
Alternative scenario : the overflow of 16.9 will validate an increase to 17.5 and 17.9.
Comment
The RSI is below its neutral zone of 50. The MACD is negative and below its signal line. The setup is bearish. Additionally, prices are below their 20 and 50 moving averages (located at 16.8598 and 16.3576 respectively).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices on 10/05 | 16.34 |
| Basic trend | Neutral | Pivot | 16.90 |
| Bracket 1 | 15.10 | Additional distance 1 | – 1.24 |
| Bracket 2 | 14.70 | Additional distance 2 | – 1.64 |
| Resistance 1 | 16.90 | Additional variation 1 | -7.59% |
| Resistance 2 | 17.50 | Additional variation 2 | -10.04% |
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