Dec 18, 2019 Forex News
For three days, the price of Bitcoin fell by 7.5%, losing all the profits it earned in early December due to the growth of Bitcoin from $7100 to $7500.
The last three-day candle closed below 200MA, in contrast to the hammer at the end of November, which reached a minimum below support but closed higher.
The latest breakdown of the main support is supported by the bearish RSI indicator below 50 and the downward 5MA and 10MA. Thus, it is more likely to fall below $6500 (November low). The next support is at $6400.
On the daily chart, the RSI is held at 32. This suggests that there is a place for a deeper decline. The MACD also shows deeper bars below the zero line - a sign that the downward movement is gaining strength.
A close above $7870 is needed to nullify the bearish lower highs and confirm the short-term change in the bearish trend to the bullish one.
RSI on the hourly chart rose above the oversold level, signaling a possible price rebound. The 4-hour RSI also indicates oversold.
Thus, we cannot exclude a slight correctional growth to the resistance of about $6800- $6900 until the further decline.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News