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FxWirePro: BTC/CNY faces strong resistance at 7430, break above targets 7600

BTC/CNY has broken the minor resistance of 7327 high made on Apr 11th, 2017 and jumped to 7377 levels (BTCCHINA). It is currently trading around 7306 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 7102

Kijun-Sen level: 6906

Major reversal level -6119 (Mar 25th low)

Long-term trend remains to be bullish. BTC/CNY faces strong resistance at 7430 and any minor bullishness only above that level.

Major resistance is around 7431 (Mar 21st high) and any break above will take the pair till 7528 (61.8% retracement of 8400 and 6119)/7600/8000. Short term support is seen at 6860 (38.2% retracement of 8400 and 6119) and any break below the will drag the pair down till 6600/ 6434 (Feb 10th low)/6119 (Mar 25th, 2017 low).

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Fintech Week Chicago

April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 573573m

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Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 573573m

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Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 19231923m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 19531953m

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Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 19531953m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 19531953m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 19831983m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 19831983m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

Fintech Week Chicago
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