FxWirePro: NZD/USD tests new 23-month high, kiwi buoyed after big beat on New Zealand’s Retail Sales data
FxWirePro: AUD/USD holds gains above 0.73 handle, RBA's Debelle expresses lack of conviction in negative interest rate policy
Digital Currency Revolution Series: Bitcoin Snapping Rallies But Unwise Build Fresh Shorts, Uphold Long Hedging
Regulatory Series on Series: US Senate Foresees Budding Technology & Digital Dollar To Play Crucial Role In Economic Competition
Cryptocurrency Derivatives Series: Quick Run Through On Bitcoin Price And CME BTC F&O Volumes Resurgence
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
FxWirePro: AUD/USD recovers from a bearish gap open, Aussie remains bid amid vaccine optimism and upbeat data
FxWirePro: USD/JPY trades rangebound in early Asian trade, minor upside likely as vaccine expectations gain momentum
Digital Currency Revolution Series: Take A Look On Buzzing Crypto-Space Amid Flurry of Fundamental Events
Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Crypto Technicals: BTC/USD slips below daily cloud, pauses at 55-EMA support, bias bearish
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 10443 (55-EMA); Resistance: 10970 (21-EMA)
Technical Analysis: Bias Bearish
BTC/USD has slipped below daily cloud, scope for further weakness as technical indicators are turning bearish.
Stochs ans RSI are sharply lower and RSI has slipped below 50 level supporting further weakness.
MACD is on verge of a bearish crossover on signal line and -ve DMI crossover on +ve DMI adds to the bearish bias.
The pair is extending weakness for the 3rd straight session, trades 2.56% lower at 10577 at 03:45 GMT.
Price has broken below 4H 200-SMA and volatility is rising on the intraday charts.
Price action is currently holding support at 55-EMA at 10443, breach below will see test of trendline support at 9749.
Retrace above 21-EMA could negate near-term bearishness.