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FxWirePro: BTC/CNY downside capped by 50% fibo, good to sell on rallies

BTC/CNY declined till 9633 after making a fresh all time high at 11277 levels (BTCCHINA). It is currently trading around 10003 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9838

Kijun-Sen level: 9152

Major reversal level -9170 (21 EMA)

Long-term trend remains to be bullish. BTC/CNY downside is capped by 50% fibo around 9650 and any break below will drag the pair till 9300.

Major resistance is seen at 10659 (61.8% retracement of 11277 and 9633) and any break above targets 11277/ 11369 (161.8% retracement of 8896 and 4893). Short term support is around 9650 (50% retracement of 11277 and 8060) and any break below the will drag the pair down till 9306 (38.2% retracement of 11277 and 6119)/9152 (daily Kijun-Sen).

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2017-09-22 21:05:48
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September 22 14:30 UTC Released

USECRI Weekly Annualized*

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0.0 %

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0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

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143.4 %

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143.3 %

September 25 00:30 UTC 25652565m

JPNikkei Mfg PMI

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52.2 bln $

September 25 08:00 UTC 30153015m

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116.0 %

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115.9 %

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124.8 %

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124.6 %

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DEIfo Expectations*

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107.9 %

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107.9 %

September 25 11:30 UTC 32253225m

TRCapacity Utilisation*

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78.8 %

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110.7 %

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2.4 %

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