NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend 
FxWirePro: USD/CNY sees some bounce after yesterday's fall 
Major Currency Pair Scores: USD/CHF Signals Strong Bullish Momentum as NZD/USD Turns Heavily Bearish 
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data 
EUR/USD Defies ECB Rate Hike to Reclaim 1.1600: Technical Setup Points to Buy-on-Dips Opportunity 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level 
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BTCUSD gained more than $5000 from the recent low of $64938 on easing geopolitical tension. It reached a high of $69285 yesterday, and is currently trading around $69792.
|
Technicals |
CMP -$69792 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$67669 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$69086 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$71559 |
CMP <365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
209.62 |
|
ADX |
Bullish |
Strength increased from 15.69 to 21.32 |
It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.
