Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/CNY trades flat, good to sell on rallies

BTC/CNY is seen trading in narrow range between 7188 and 6949 for the past five trading sessions (BTCCHINA). It is currently trading around 7096 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7116

Kijun-Sen level: 6723

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 seen at 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 around 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 217217m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 217217m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 12:55 UTC 217217m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 217217m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 13:00 UTC 222222m

MXFlash Trd Bal Non-EU*

Actual

Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 222222m

MX1st Half-Mth Infl YY*

Actual

Forecast

Previous

1.00 %

October 24 13:00 UTC 222222m

USIGAE Econ Activity MM

Actual

Forecast

Previous

-0.7 %

October 24 13:00 UTC 222222m

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.