Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Industry news:

Exchange Rates 21.02.2020 analysis

New Jersey lawmaker Yvonne Lopez is concerned. There is a lack of consumer protection in the crypto space and she wants to put that right by introducing new regulatory measures.

New Jersey Assemblywoman Lopez is the prime sponsor of new legislation labeled the "Digital Asset and Blockchain Technology Act" (A-2891). In a release this Wednesday, Lopez explained that the bill has two main purposes.

Primarily, it aims to protect consumers who "are not quite sure what [crypto] is." At the same time, it proposes to establish "licensure requirements" for virtual currency businesses operating in the State.

Lopez maintains that she wants the crypto industry to grow in New Jersey. However, this can only happen in the right regulatory environment.

Technical analysis

BTC has been trading sideways at the price of $9.685. Due to the strong downside momentum in the background and the breakout of the support trend line, I do expect potential for further downside movement and eventual test of $9.725 and $8.260.

I would watch for selling opportunities with the downward targets at the price of $9.275 and $8.260.

MACD oscillator is showing neutral stance but the slow line is turned to the downside.

Resistance levels are set at the price of $9.800 and $10.215.

Support levels and downward targets are set at the price of $9.275 and $8.260.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade