Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/GBP faces strong resistance at 21-DMA, break below 725 targets 670

BTC/GBP broke below the 700 mark on December 07 and hit 672.99 levels. It is currently trading at 737 at the time of writing (Coinbase).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 811.49

Kijun Sen: 782

Trend reversal: 641 (90 EMA)

On the upside, major resistance is seen at the 762 (21-DMA) and a break above would see the pair testing 791 (5-DMA)/800.

Momentum studies suggest further bearish trend: the MACD line is below the signal line, bearish crossovers of 5 and 21-DMA.

On the flip side, the pair is likely to find support near 725 (trend line joining 467.77 and 611.12) and a break below would target 686.58 (55-EMA)/ 672.99 (December 07 low).

  • ET PRO
  • Market Data

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

July 25 19:00 UTC Released

AREconomic Activity YY*

Actual

3.3 %

Forecast

3.1 %

Previous

0.6 %

July 25 14:00 UTC Released

USConsumer Confidence

Actual

121.1 %

Forecast

116.5 %

Previous

118.9 %

July 26 00:00 UTC 190190m

BRSelic Interest Rate*

Actual

Forecast

Previous

10.25 %

July 26 00:00 UTC 190190m

BRSelic Interest Rate*

Actual

Forecast

9.25 %

Previous

10.25 %

July 26 01:30 UTC 280280m

AUCaseShiller 20 MM NSA

Actual

Forecast

0.4 %

Previous

0.5 %

July 26 01:30 UTC 280280m

AUCaseShiller 20 YY

Actual

Forecast

2.2 %

Previous

2.1 %

July 26 01:30 UTC 280280m

AUConsumer Confidence

Actual

Forecast

0.5 %

Previous

0.4 %

July 26 01:30 UTC 280280m

AURich Fed Comp. Index*

Actual

Forecast

1.7 %

Previous

1.7 %

July 26 01:30 UTC 280280m

AURich Fed, Services Index*

Actual

Forecast

0.5 %

Previous

0.5 %

July 26 01:30 UTC 280280m

AURich Fed Mfg Shipments*

Actual

Forecast

1.8 %

Previous

1.9 %

Close

Welcome to EconoTimes

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