Online Forex broker
The bulls had a chance to take a break, as the price of Bitcoin traded slightly higher during the session on Wednesday, currently moving around the 200-hour moving average, which has historically served as dynamic resistance in the short term. This would rule out the idea of a bearish divergence in the MACD indicator.
The Parabolic SAR seems to be providing support and this can help the cryptocurrency to consolidate towards the resistance level of 6926, where the bears may be waiting for a more pronounced bearish movement. However, it must be remembered that the support level of 6281 has proven to be a nut difficult to break.
What do we expect?
According to our forecasts in the short-term, until the Bitcoin does not fracture the range recently established in our previous articles, we do not expect to see movements with a clear trend in the short term. Due to the support formed by a trendline drawn from the lows of April 1, it is possible that the BTC tries a break of the resistance level of 6926 to then go to the level of 7586.
AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…
Thursday was also a day where bears dominated the price action in the cryptocurrency and now it seems that the spotlights are pointing towards the Fibonacci level of 78…
CAD/CHF broke support area Next sell target 0…
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
