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

Crypto Industry News:

The British Financial Supervision Authority (FCA) estimates that around 2.6 million British consumers "bought cryptocurrencies" at some point.

FCA has published the results of its latest research on consumer interaction with cryptocurrency markets in the UK. 1.9 million people - 3.86% of the general adult population - were found to currently have cryptocurrencies, which is considered a "statistically significant increase," compared to 3% in the latest FCA consumer survey report in 2019. This increase increases overall the number of consumers in the UK who have ever owned cryptocurrencies at any time, from 1.5 million to the current estimated number of 2.6 million.

In addition to the marked increase in the number of cryptocurrency owners, industry awareness also seems to be growing - 73% of adults have heard about cryptocurrencies, compared with 42% last year.

FCA research indicates that 75% of 1.9 million currently have cryptocurrencies worth less than $ 1,229. 83% of cryptocurrency owners buy their assets through stock exchanges outside the UK.

In general, the level of technical knowledge of holders and understanding of the potential risks associated with a lack of collateral and asset volatility is high, FCA reports. One exception is that 11% of current and former cryptocurrency owners mistakenly believe that their cryptographic assets are covered by consumer protection - approximately 300,000 people.

The FCA believes that this exposes consumers to financial harm. At the same time, however, he states that the most popular reason consumers in the UK bought crypto was "as a gamble to earn or lose money" with full awareness of the volatility of crypto markets.

Technical Market Outlook:

The ETH/USD pair has retraced 38% of the last wave down and made a new local high at the level of $229. Nevertheless, the is a Doji candlestick pattern made at the top ot the move, which indicates a possible reversal of the local up trend. For now, the market keeps consolidating in a narrow range, but if the intraday support located at the level of $221.31 is clearly violated, the odds for another low are high as the momentum is still weak and negative. The next target for bears is seen at the level of $209.89.

Weekly Pivot Points:

WR3 - $273.84

WR2 - $260.74

WR1 - $240.04

Weekly Pivot - $227.40

WS1 - $206.35

WS2 - $194.36

WS3 - $173.30

Trading Recommendations:

The larger time frame trend on Ethereum remains down and as long as the level of $288 is not violated, all rallies will be treated as a counter-trend corrective moves. This is why the short positions are now more preferred. The next key technical support is seen at the level of $174.82.

Exchange Rates 01.07.2020 analysis

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

Performed by Sebastian Seliga,
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
Close
Widget calback
Our specialist
will call you back
in five minutes
We will navigate you
through the website and
answer all your questions!
Preferred Type of Connection
Preferred language
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
A call-back request was accepted.
Our specialists will contact you as soon as possible.
An error occurred.
Please try again later.
Can't speak right now?
Ask your question in the chat.