ETHUSD: The $3000 Question and Beyond 
BNB/USD: Bulls Eyeing $1000 
FxWirePro: USD/MXN claws back some losses but recovery likely muted 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD pulls back slightly, but the overall trend remains bullish 
FxWirePro: USD/JPY dips as weaker dollar gives bears some traction 
FxWirePro: GBP/USD sustains gains as uptrend remains strong 
FxWirePro: EUR/CAD maintains strength with bullish trend in place 
Yen Surge Pressures GBP/JPY: Bears Eye 195 Amid Intraday Downturn 
FxWirePro: USD/ZAR hits six month low, vulnerable to further losses 
EUR/USD Rides US Dollar Weakness: Buy the Dips as Bulls Eye 1.19 Breakout 
BNB/USD breaks trend line resistance $647 (trendline joining $697.70 and $673.90) and holds above that level. It hits an intraday high of $650.30 and is currently trading around $649.70.
Short term trend remains bullish as long as support $598 holds. It trades above the 55 and 34, 200 and 365 EMA on the 4- hour chart. Near-term support is around $628 (200- EMA) , any close below targets $598/$570/$520. If the pair closes below $500, potentially leading to further declines towards $400.
Immediate Resistance is at $660.Any breakout above this resistance confirms bullish momentum and a jump to could suggest bullish momentum, with further gains possible towards $669/$680/$730/$800/$1000. Near-term resistance is around $680.
Indicators (daily Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $625 with a stop-loss set at $595 and a target price of $800/$1000.
