Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/CNY takes support near trend line, good to sell on rallies

BTC/CNY is seen trading above on Friday and the pair has broken major support at 7793 (21- day EMA) and declined till 7510 (BTCCHINA). It is currently trading around 7659 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7772

Kijun-Sen level: 7707 

Major reversal level -6911 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY has taken support near trend line and any break below targets 7300/7020.

Major resistance is around 7924 (61.8% retracement of 8177 and 7510) and any break above will take the pair till 8000/8275 (88.6% retracement of 8400 and 7310)/ 8400. Short term support is seen at 7510 (trend line joining 6434 and 7310) and any break below will drag the pair till 7310 (Mar 10th 2017 low)/7020.

  • ET PRO
  • Market Data

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

December 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

151.2 Bln USD

Forecast

Previous

-51.3 Bln USD

December 15 21:00 UTC Released

USNet L-T Flows,Incl.Swaps

Actual

7.9 Bln USD

Forecast

Previous

65.1 Bln USD

January 9 11:00 UTC 3502235022m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3502235022m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3502235022m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3502235022m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3502235022m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3502235022m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 53895389m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 53895389m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

Close

Welcome to EconoTimes

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