in ANALISA by hafid zaini

7645553 7/13/2017 12:29 PM, USD/RON intraday: the RSI is oversold


Our pivot point stands at 4.0002.


Our preference

: the downside prevails as long as 4.0002 is resistance.


Alternative scenario

: above 4.0002, look for 4.0124 and 4.0197.


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 below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 3.9940 and 3.9929).


Supports and resistances

:

4.0197 **

4.0124 *

4.0002 **

3.9953

3.9891 last

3.9744

3.9672 **

3.9599 *

3.9526 **