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FxWirePro: ETH/USD hovering around 50, close above could see further bullishness

ETH/USD is struggling to break above the 50-DMA and continues to hover around this level at the time of writing (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 46.84

Kijun-Sen: 47.99

On the upside, a close above 50.00 levels (psychological) would see further bullishness in the pair, targeting 51.90 (March 17 high)/54.97 (March 30 high).

RSI is holding at 60 and stochs are biased higher. Also, a bullish crossover of 10- and 20-DMA could be seen on daily charts. A decisive break above 50.00 marks could see further bullishness in the pair.

Support is seen at 47.70 (10-DMA) and any violation would see a dip till 46.69 (20-DMA)/43.32 (23.6% retracement of 15.56 and 51.90)/41 (23.6% retracement of 5.92 and 51.90 rally).

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January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 15001500m

PHGDP YY

Actual

Forecast

Previous

6.9 0

January 21 02:00 UTC 15001500m

PHGDP QQ

Actual

Forecast

Previous

1.3 0

January 21 21:00 UTC 26402640m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 26402640m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 27602760m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 32403240m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 33003300m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 33003300m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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