Technicals / Digital Currency

Add as a preferred source on Google

FxWirePro- BNBUSD (Chart of the day)

BNBUSD performed well in the past three weeks. Any daily close above $400 confirms further bullishness. FILUSD gained more than 20% in the past three weeks. The pair holds well above the short-term (21 and 55 EMA) and lo…

Updated 1 min read
FxWirePro- BNBUSD (Chart of the day)
Image from the original EconoTimes article

Read the original article

BNBUSD performed well in the past three weeks.

Any daily close above $400 confirms further bullishness.

FILUSD gained more than 20% in the past three weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $367.20 and is currently trading around $364.30.

The bullish invalidation can happen if the pair closes below $285. On the lower side, the near-term support is $340. Any break below targets $317/$300/$285.

The immediate resistance stands at around $370. Any breach above confirms bullish continuation. A jump to $400 is possible. A surge past $400 will take it to $460/$500.

It is good to buy on dips around $345 with SL around $320 for TP of $397/$456.


Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560