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:

Following a warning from the national supervisory authority this month, UK regional authorities report that cryptocurrency fraudsters are using a coronavirus pandemic to deceive citizens.

In a series of consumer fraud notifications published in March, the City Council of Manchester and the Pembrokeshire and Norfolk counties repeated the Financial Supervision Authority (FCA) warning against "sophisticated" and "opportunistic" pandemic cryptocurrency programs.

Three regional authorities define a number of tactics adopted by cryptocurrency fraud to take advantage of social confusion and fear during the public health crisis.

"Fraudsters pretend to be from research groups claiming to be the Center for Disease Control and Prevention (CDC) and the World Health Organization (WHO). They claim to provide the victim with a list of active infections in their area, but to gain access to this information, the victim must either: click the link that will redirect her to the page stealing credentials, or make a donation for support in the form of a payment to a Bitcoin or Ethereum account, "warns Manchester City Council.

Meanwhile, the FCA emphasized that investment opportunities promising high returns, including investments in cryptographic assets, could again be popular in the current pandemic.

Technical Market Outlook:

The ETH/USD pair has broken below the technical support located at the level of $132.21 and made a new local low at the level of $123.11. This level will now act as a resistance for the price, so it is worth to notice, that is located very close to the short-term trend line (marked in black). Ethereum is trying to bounce after the new local low was made, but to make this bounce more important, the bulls must break through the level of $142.77. In a case of a failure, the lower levels will be tested, like $118.53 and $114.98.

Weekly Pivot Points:

WR3 - $161.35

WR2 - $151.83

WR1 - $136.71

Weekly Pivot - $127.64

WS1 - $112.54

WS2 - $102.86

WS3 - $88.46

Trading Recommendations:

The fear of the coronavirus consequences is very strong among the global investors and it rules on the financial markets. So far the global investors are not so keen to invest in cryptocurrency, because they are being perceived as risky assets. The larger time frame trend on Ethereum remains down and as long as the level of $214.67 is not violated, all rallies will be treated as a counter-trend corrective moves. This is why the short positions are now more preferred.

Exchange Rates 30.03.2020 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