Bullish trade idea based on trend 34-51 pips

My pivot point is at 0.9767.

My preference

The upside prevails as long as 0.9767 is support.

Alternative scenario

The downside breakout of 0.9767 would call for 0.9738 and 0.9721.


The RSI is above 50. 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 0.9786 and 0.9785).

Supports and resistances

0.9878

0.9860

0.9843

0.9826

0.9792 last

0.9778

0.9767

0.9738

0.9721
Trend Analysis

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