Asia Roundup: Aussie declines as rise in unemployment stoke rate cut speculation, yen off 1-1/2 month low after BoJ stands pat but signals chance of easing, investors eye BoE policy decision- Thursday, September 19th, 2019
Cryptocurrency Derivatives Series: eToroX’s Lira To Support Crypto-Derivatives With Liquidity Providing
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FxWirePro: EUR/KRW moves in stiff boundaries, consistent close above 1,316 requires for upside rally
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Crypto Technicals: XRP/USD cools slightly from 6-week highs at 0.3129, finds stiff resistance at 21W EMA (0.3186)
Crypto Technicals: BCH/USD edges lower from 5-week highs at 358.58, finds stiff resistance at daily cloud
BCH/USD chart - Trading View
Support: 331 (nearly converged 21-EMA and 200H SMA); Resistance: 353.87 (cloud base)
Technical Analysis: Bias Neutral
Bitcoin Cash has retraced from 5-week highs at 358.58 and was trading at 337.98 at 10:45 GMT.
Upside in the pair finds stiff resistance at daily cloud. Further gains to be limited.
Price action has retraced below 55-EMA (345.45). Technical indicators on intraday charts are turning bearish.
MACD is showing a bearish crossover on signal line and -ve DMI crossover on +ve DMI seen on the hourly charts.
Strong support is seen at 331 (nearly converged 21-EMA and 200H SMA). Decisive break below with rise in volatility will confirm weakness.
On the flipside, breakout above cloud required for upside continuation.