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FxWirePro: ETH/USD hovers around 10-DMA, consistent break above targets 485

ETH/USD has restored his strength to above 20-DMA after it dropped to 402 levels earlier in the day. It is currently trading at 440 levels at the time of writing (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 439.90

Kijun-Sen: 401.51

On the upside, the pair is hovering around 443 (10-DMA) and a break above would target 485 (trend line joining 395 and 498)/500. Further strength would target 508 (Upper Bollinger)/ 536 (113% extension of 201.28 and 498)/ 578.

On the flipside, the pair has found at 402 (November 30 low) and any violation would drag it to 385 (38.2% retracement of 201.28 and 498)/355 (50-DMA). Further weakness would see it testing 330 (100-DMA).

Momentum studies: On the daily chart, MACD line is below the signal line, while RSI is strong at 58. The pair’s upside is currently capped by 10-DMA and a consistent break above would see further bullishness.

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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 10231023m

PHGDP YY

Actual

Forecast

Previous

6.9 0

January 21 02:00 UTC 10231023m

PHGDP QQ

Actual

Forecast

Previous

1.3 0

January 21 21:00 UTC 21632163m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 21632163m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 22832283m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 27632763m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 28232823m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 28232823m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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