in ANALISA by hafid zaini

7640862 7/12/2017 5:17 PM, USD/PHP intraday: rebound


Our pivot point stands at 50.516.


Our preference

: rebound.


Alternative scenario

: below 50.516, expect 50.393 and 50.320.


Comment

: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands below its 20 and 50 MAs (respectively at 50.631 and 50.691).


Supports and resistances

:

51.003 **

50.930 *

50.857 **

50.783

50.631 last

50.564

50.516 **

50.393 *

50.320 **