Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

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).

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

October 24 09:00 UTC Released

EZMarkit Comp Flash PMI

Actual

55.9 bln EUR

Forecast

56.5 bln EUR

Previous

56.7 bln EUR

October 24 09:00 UTC Released

EZMarkit Serv Flash PMI

Actual

54.9 bln EUR

Forecast

55.6 bln EUR

Previous

55.8 bln EUR

October 24 12:55 UTC 219219m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 219219m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 12:55 UTC 219219m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 219219m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 13:00 UTC 224224m

MXFlash Trd Bal Non-EU*

Actual

Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 224224m

MX1st Half-Mth Infl YY*

Actual

Forecast

Previous

1.00 %

October 24 13:00 UTC 224224m

USIGAE Econ Activity MM

Actual

Forecast

Previous

-0.7 %

October 24 13:00 UTC 224224m

MXIGAE Econ Activity YY

Actual

Forecast

1.50 %

Previous

1.00 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.