Ichimoku analysis (Daily chart)
Tenken-Sen- $51686
Kijun-Sen- $51686
BTCUSD continues to trade lower for third consecutive days and lost more than $8000. The Bitcoin surged more than 7% intraday after rumors about Tesla Bitcoin selling were denied. The pair hits a low of $42185 and currently trading around $44175. It was one of the worst performers in the past week and declined more than 35% from its all-time high of $64985. The intraday trend is weak as long as resistance $47000 holds.
The near-term resistance is around $47000. Any indicative break above targets $50000/$51700 $55000/$56650/$60000. Major trend continuation above $65000.
The pair's minor support is around $42000 (200- day EMA). Any convincing break below will drag the pair down to $39360 (200- day MA). Any close below $39000 will drag the pair down to $32500.
Indicator (Daily chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around $47000 with SL around $50000 for TP of $39300.


FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro- Woodies pivot (Major)
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro- Major Crypto levels and bias summary
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 



