BREAKING NEWS : 1 Million Dollar Demo Contest, 10 Round monthly $50,000 withdrawable CASH Prize! + 500K for final 10 Winners! Hurry up, Join Now!
Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading
Advertisement superforex

Bitcoin: All-time high!!

Written by Yann Quelenn | 2017-08-11 10:09:27 GMT
  • EUR/GBP is trading around its highest levels of the year despite ongoing consolidation. Hourly resistance lies at 0.9087 (08/08/2017 high). Hourly support is given at a distance at 0.8742 (16/06/2017 low). Downside risks are nonetheless important.

  • In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.

Stay on top of the markets with Swissquote’s News & Analysis




Selling pressures are back.

  • EUR/CHF has consolidated and short-term selling pressures are definitely back on. Hourly support is now located at 1.1260 (04/08/2017 low). Expected to show continued weakness.

  • In the longer term, the technical structure has reversed. Strong resistance at 1.1200 (04/02/2015 high) has been broken. Yet,the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).




All-time high!!

  • Bitcoin keeps on surging. The digital currency has broken hourly resistance given at 3478 (08/08/2017 high) and hourly support lies very far at 2403 (26/07/2017 low). The road is wide open for another bullish move.

  • In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).



Yann Quelenn

Start Trading With Top Industry Brokers

Broker Profile Open Account
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:888
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FSP ,FCA
  • xm
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • Markets
  • Minimum Deposit: 250 USD
  • Leverage of up to 1:200
  • Broker Type : Market maker
  • Regulation : CySEC
  • trade

    Contact us