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Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

RT @markets: Rajan says complete trade deal may need new U.S. administration

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RT @globaltimesnews: The US cannot expect the Chinese market to open up to it while suppressing Chinese technologies. ArtificialIntellige

IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in France 40 are at opposite extremes with 84.09%. See the summary chart below and full details and charts on DailyFX:

JPY Japan Sep Leading Index Actual: 92.2 Forecast: 92.2 Previous: 91.9 -Coincident Index Actual: 101.1 Forecast: 101 Previous: 99

Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.04% 🇨🇭CHF: 0.02% 🇪🇺EUR: -0.02% 🇳🇿NZD: -0.09% 🇨🇦CAD: -0.09% 🇦🇺AUD: -0.24% View the performance of all markets via

Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.12% US 500: -0.23% Germany 30: -0.35% France 40: -0.44% View the performance of all markets via

The $USD may continue weakening against the SGD, PHP, IDR, and MYR as long as US-China trade deal hopes keep rising, fueling capital flows into emerging-market assets. Get your market update from @ddubrovskyFX here:

-EURNOK gearing up to test seven-year uptrend -Pair is on verge of clearing key support channel -Downside break could catalyze a tectonic shift

Risk appetite has shot higher with this past sessions trade war hopes, but does it last. I talk about that in my trade video along with interesting setups from the likes of the $DXY, $GBPUSD and Gold among other markets

Bitcoin Price: Will BTC/USD Resume Recent Surge?

Check out our Q3 forecasts for USD and Gold. Download for free main currencies and commodities trading guides.

On August 3 Bitcoin opened with an upward gap, indicating to a clear intention from the buyers to continue leading the price. The currency peaked on Tuesday at 12,318- its highest level in nearly five weeks, then slipped back after, and settled below 12,000 handle.

Alongside this, the Relative Strength Index (RSI) crossed above 50, however remained flat around 60 after, indicating to a paused uptrend move.

Just getting started?See our Beginners Guide for FX traders

Looking at the daily chart, we notice on Monday Bitcoin moved to the higher trading zone 11,200 12,320. On the following day the price tested and rebounded from the high end of the zone.

Hence, a close above the higher end of this zone could push the price towards 13,000 handle. Although, the weekly resistance underscored on the chart (zoomed in) would be worth monitoring.

On the flip-side, any close below the low end of this zone may send the price towards 10,300. However, the weekly resistance marked on the chart should be watched along the way.

Having trouble with your trading strategy?Heres the 1 Mistake That Traders Make

Looking at the four-hour chart, we notice on July 28 Bitcoin rebounded from 9,116 and started a move to the upside, creating higher highs with higher lows. On Wednesday the virtual currency corrected lower creating a lower high at 12,145.

Thus, a break above this high may reignite the uptrend move sending the price towards 12,830. Although the high end of the aforementioned trading zone needs to be considered.

On the other hand, a break below 11.470 could press the price towards the low end of the zone. Nonetheless, the daily support level underlined on the chart should be monitored. See the chart to know more about the lower trading zone with the weekly support levels sellers may encounter in a further bearish scenario.

Please feel free to contact me on Twitter: @Malkudsi

DailyFXprovides forex news and technical analysis on the trends that influence the global currency markets.

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