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FxWirePro: BTC/CNY downside capped by 50% fibo, good to buy on dips

BTC/CNY is seen trading slight below on Monday and the pair has slightly recovered after making a low of 6610 level (BTCCHINA). BTC/CNY is currently trading around 7151 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 7396

Kijun-Sen level: 7298

Major reversal level -6911 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY downside capped by 50% fibo around 6600 and break below confirms minor bearishness.

Major resistance is around 7300 (55- day EMA) and any break above will take the pair till 7625 (21- day MA)/8000/8275 (88.6% retracement of 8400 and 7310)/ 8400. Short term support is seen at 6640 (50% retracement of 4893 and 8400) and any break below will drag the pair till 6430 (Feb 10th low)/6220/5670 (200- day MA).

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April 19 14:30 UTC Released

USNat Gas, Change Bcf

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-36 Cubic feet

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-23 Cubic feet

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-19 Cubic feet

April 19 14:00 UTC Released

USLeading Index Chg MM

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0.3 %

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0.3 %

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0.6 %

January 31 00:00 UTC 113373113373m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 113373113373m

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2016 bln ARS

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January 22 19:00 UTC 125193125193m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 113373113373m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 125193125193m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113373113373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 113373113373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113373113373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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