Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/GBP faces strong resistance at 10-DMA, bias neutral

BTC/GBP continues rangebound trading on Thursday as it faces strong resistance from 10-DMA). It is currently trading at 947 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 954

Kijun Sen: 875

On the upside, a close above 947 (10-DMA) will see a jump till 974 (trend line joining 1085 and 995). Further strength would see it testing 995 (April 12 high)/1038 (March 14 high).

Momentum studies appear neutral and traders are preferred to wait for a confirmed signal on daily charts.

Support is seen at 924.68 (50-DMA) and a break below would drag it to 905.56 (55-EMA)/870.61 (90-EMA).

  • 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 220220m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 220220m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 12:55 UTC 220220m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 220220m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 13:00 UTC 225225m

MXFlash Trd Bal Non-EU*

Actual

Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 225225m

MX1st Half-Mth Infl YY*

Actual

Forecast

Previous

1.00 %

October 24 13:00 UTC 225225m

USIGAE Econ Activity MM

Actual

Forecast

Previous

-0.7 %

October 24 13:00 UTC 225225m

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.