empty
17.02.2025 06:29 AM
BCH/USD – Weekly Results and Outlook

This image is no longer relevant

The final support level of the monthly Ichimoku cross at 329.98 has been reached. The market took a pause last week, remaining influenced by this level. If bears succeed in breaking the monthly golden cross, they will next target the Ichimoku cloud (210.79 - 154.37) on a weekly basis, which could open new opportunities. However, if the support at 329.98 holds, the bulls may attempt to regain control, initially targeting resistance levels at 386.15 and 404.18, which correspond to the weekly short-term trend and the monthly medium-term trend.

This image is no longer relevant

On the daily timeframe, the downside breakout target of the Ichimoku cloud at 320.99 has been met. This target was reinforced by the monthly support level of 329.98, creating a strong area for price stabilization. It is possible that these support levels will be sufficient to halt the current decline. If this occurs, the primary goal for the bulls will be to initiate a corrective rebound and test the resistance levels of the daily Ichimoku cross at 340.92, 362.12, and 383.47. The daily cross is further supported by the weekly short-term trend at 386.15, indicating that breaking the bearish daily cross will also require overcoming the weekly short-term resistance. For the bears, the immediate target remains to break below the previous low of 272.32 and resume the downtrend.

This image is no longer relevant

On lower timeframes, the bears currently hold the advantage. The downside targets for intraday continuation are the classic Pivot Point support levels at 324.77, 320.65, and 315.55. The key levels on the lower timeframes today are 329.87 (the daily central Pivot Point) and 335.89 (the weekly long-term trend). A breakthrough of these levels and a trend reversal could change the balance of power. Additional intraday resistance levels include the classic Pivot Point resistances at 339.09 and 343.21.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 26/03/2025: EUR/USD, GBP/USD, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:35 2025-03-26 UTC+2

EUR/USD. March 26th. Bears Preparing for a New Attack

On Tuesday, the EUR/USD pair once again rebounded from the support zone of 1.0781–1.0797, but the bulls showed weakness due to the lack of a supportive news background. Today

Samir Klishi 10:32 2025-03-26 UTC+2

GBP/USD. March 26th. Inflation May Move the Pound

On the hourly chart, the GBP/USD pair continued to trade sideways on Tuesday, showing no reaction to the 1.2931 level. Therefore, a new close above or below this level will

Samir Klishi 10:29 2025-03-26 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday March 26, 2025.

It can be seen on the 4-hour chart that the AUD/JPY cross currency pair is moving in a Bullish channel harmoniously and is above the EMA (21) which also

Arief Makmur 09:34 2025-03-26 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index,Wednesday March 26, 2025.

20405.7 With the appearance of Convergence between the Nasdaq 100 index price movement and the Stochastic Oscillator indicator and the price movement of the index moving above the EMA (21)

Arief Makmur 09:34 2025-03-26 UTC+2

EUR/USD and GBP/USD March 26 – Technical Analysis

As the week begins, bearish players are trying to confirm and extend the prevailing downtrend, but they have yet to achieve strong results — The pair continues to stay close

Evangelos Poulakis 04:26 2025-03-26 UTC+2

EUR/USD. March 25th. A Dull Week Ahead

On Monday, the EUR/USD pair rebounded from the 200.0% Fibonacci retracement level at 1.0857, reversed in favor of the U.S. dollar, and declined toward the support zone of 1.0781–1.0797

Samir Klishi 18:04 2025-03-25 UTC+2

GBP/USD. March 25th. The Pound Moves Into a Sideways Range

On the hourly chart, the GBP/USD pair consolidated above the 1.2931 level on Monday, but the bulls failed to sustain the upward move and retreated. The pair subsequently moved back

Samir Klishi 17:58 2025-03-25 UTC+2

Trading Signals for GOLD (XAU/USD) for March 25-27, 2025: buy above $3,024 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around 3,021, below the 21-SMA, within the bearish trend channel forming since March 19. On the H4 chart, we can see that

Dimitrios Zappas 14:00 2025-03-25 UTC+2

Forex forecast 25/03/2025: EUR/USD, USD/CAD, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:56 2025-03-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.