in ANALISA by hafid zaini

7640881 7/12/2017 5:20 PM, USD/TWD intraday: the RSI is oversold


Our pivot point is at 30.513.


Our preference

: the downside prevails as long as 30.513 is resistance.


Alternative scenario

: the upside breakout of 30.513, would call for 30.572 and 30.608.


Comment

: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 30.494 and 30.536).


Supports and resistances

:

30.608 **

30.572 *

30.513 **

30.489

30.463 last

30.382

30.347 **

30.311 *

30.276 **