Apr 12, 2021 Forex News
Last week, after a short correction to the area of $1950, the ETH/USD pair was still able to return to the area above $2000. Thanks to the activation of bulls and the growth of buy transactions, the price of Ethereum was able to reach a new high. At the time of publication, the ETH/USD pair is trading in the area of $2130 and is still above the 100-hour moving average. At the moment, this area of congestion of buyers is the key to the upward trend.
On the 4-hour chart of the pair, it can be seen that after reaching $2200, the momentum dried up and the price began to show a pullback. Analysts believe that the price of Ethereum has not yet reached its limit. If the bulls manage to repeat the rally and the price rises above $2200, we will see a new rise in buy orders. In this case, the price of Ethereum may rise to a new all-time high of $2500.
The MACD indicator predicts sideways movement in the near future and is in the area of 20. When the MACD line starts to cross the signal line, traders are advised to buy. On the other hand, crossing the signal line means that the price of ETH is rapidly falling into the hands of bears.
The RSI is forming in the neutral zone at 51, showing a downtrend. Thus, we can assume that in the short term we will see the movement of the ETH/USD pair in the range of $2100- $2180 before a new growth attempt.
Support levels: $2100, $2000 and $1900.
Resistance level: $2200
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;
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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