Online Forex broker
On Friday, the crypto segment faced a rush of upbeat mood because Bitcoin’s price managed to overleap $10,000. The undoubted leader of the surge, Litecoin reached an intraday maximum of $235. As for other relatively firm crypto assets, such as Dash, IOT and Monero, they shined as well.
The early leader, Ethereum Classic proceeded with its short-term correction. Meanwhile, the moderately lagging crypto assets, such as Ripple and Ethereum posted moderate revenues.
From a short-term technical perspective, the vast majority of the major cryptocurrencies got moderately overbought. It’s no wonder that the jump ceased absolutely, especially considering the sturdy resistance zone in the current area, reacting to the active selling of the previous several weeks. It’s an evident fact that the coming pull-back is going to be an important one because after the higher swing maximums, the coins need to generate higher swing minimums too, with the aim of establishing short-term uptrends.
Bitcoin reached an overnight maximum of $10,300 before the consolidation burst out, although it’s still trading above the major $9000-$9200 support area, which could attract attention in the time of the short-term correction. By the way, resistance above $10,000 are $13,000 and $11,300. As for further support, it can be found between $7850 $7650.
Monero, which has appeared to be among the first crypto assets to break the dominant diving trend, hit the $300 mark, before sliding overnight. Moreover, it’s still in a good technical position for starting another soaring trend. It’s hovering over the $280 support mark, while $240 is another level, and one more can be found between $215 and $200.
Considering that the segment still preserves its bullish tendency, with low volatility and correlation as well as upbeat volume patterns, most probably the rotation between the digital currencies will remain.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
