Jun 25, 2020 Forex News
As Ethereum approached the $250 mark, it began to feel more resistance. After the ETH/USD pair reached a maximum of $249, it began to decline sharply down. Today, the ETH/USD pair continued to decline and reached a minimum of $227,05.
A breakthrough of support of $244 opened the door to Ethereum to decline. As a result, the ETH/USD pair fell below the important support level of $235. At the time of publication, the ETH/USD pair is trading around $234.
Now the $235 level has become the resistance level for Ethereum. To resume growth, the ETH/USD pair needs to close today above the level of $235. In this case, Ethereum can once again try to approach the $250 mark. It is worth noting that the ETH/USD pair is still holding above the Moving Average 100, so the chances of a resumption of growth remain.
If the pair ETH/USD cannot return above the $235 mark, there is a possibility of a continued decline. In this case, the area of $228- $225 provides sufficient support for Ethereum. If the bears lower Ethereum below this area, this will nullify the chances of early recovery.
Technical indicators RSI and MACD are in a bearish direction. The RSI is forming just above 40, keeping a bearish direction.
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