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FxWirePro: Singapore dollar trades almost flat in early Asia, stay neutral

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FxWirePro: ETH/USD upside capped by 10-DMA, bias lower

Tuesday, August 21, 2018 11:12 AM UTC

comments

(Refer ETH/USD chart on Trading View)

ETH/USD dropped to 268 levels on Monday as it failed to hold above 300.

It is currently trading at 282 levels at the time of writing (Coinbase).

On the upside, immediate resistance is seen at 291 (10-DMA) and a consistent break above would target 300/334 (21-EMA)/365 (3h 200-SMA)/400.

On the flipside, support is seen at 265 (78.6% retracement of 250 and 322) and any violation would drag it to 250 (August 14 low)/ 230/200.

Bias remains bearish on the daily chart with RSI and stochs near oversold levels. The pair has found support near 78.6% fib and a break below will see it re-testing 250 levels.

Call update: We recommended going short in our previous call. TP1 has been hit.

Recommendation: Bias lower, stay short. SL: 340. TP: 250.

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Economics Monitor

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

48.6 %

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 776943776943m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 776943776943m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 765123765123m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

EconoTimes

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