Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/CNY struggles to close above 30- day EMA, good to sell on rallies

BTC/CNY pair is trading in a narrow range between 6587 and 5628 for the past three trading session (BTCCCHINA). It is currently trading around 6339 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7262

Kijun-Sen level: 7156

Major reversal level -5570 (89- day EMA)

The long-term trend remains to be bullish. BTC/CNY struggles to close above 30- day EMA and any close above will take the pair till 6600/6921.

Major resistance -6600 (support turned into resistance) and any break above that level will take the pair to next level till 6921 (38.2% retracement of 8896 and 5700)/7500.  Short term support is around5585 (89- day EMA) and any break below targets 5321 (cloud top)/4960 (cloud bottom).

  • ET PRO
  • Market Data

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

February 17 15:00 UTC Released

USLeading Index Chg MM*

Actual

0.6 %

Forecast

0.5 %

Previous

0.5 %

February 17 13:30 UTC Released

CASecurities Foreign C$ MM

Actual

10.23 bln C$

Forecast

Previous

7.24 bln C$

February 19 21:00 UTC 410410m

KRPPI Growth*

Actual

Forecast

Previous

0.8 %

February 19 21:00 UTC 410410m

KRPPI Growth YY*

Actual

Forecast

Previous

1.8 %

February 19 23:50 UTC 580580m

JPExports YY*

Actual

Forecast

4.7 %

Previous

5.4 %

February 19 23:50 UTC 580580m

JPImports YY*

Actual

Forecast

4.7 %

Previous

-2.6 %

February 19 23:50 UTC 580580m

JPTrade Balance Total Yen*

Actual

Forecast

-636.8 bln JPY

Previous

641.4 bln JPY

February 20 07:00 UTC 10101010m

TRProducer Prices YY

Actual

Forecast

Previous

66.90 %

February 20 07:00 UTC 10101010m

TRProducer Prices YY

Actual

Forecast

1.9 %

Previous

1.0 %

February 20 07:00 UTC 10101010m

DEProducer Prices MM

Actual

Forecast

0.3 %

Previous

0.4 %

Close

Welcome to EconoTimes

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