The Chinese authorities in a new publication criticized cryptocurrencies and mining.
The official news agency of the Chinese government, Xinhua, published an article titled "Urgently stop the hype and chaos around the virtual currency". It was a continuation of the statement of the State Council of the People's Republic of China, which on Friday called Bitcoin mining and trading financial risks.
The article talks about four risks associated with trading and using cryptocurrencies: market, transactional, technological and legal.
"Cryptocurrencies carry the risks of large losses to investors and can affect the financial stability of the state and the order in society. It is necessary to stop the chaos in the virtual currency market", the Chinese authorities are confident.
In their opinion, investors should not trade Bitcoin, and financial companies should not support such activities.
Separately, the publication mentions mining and projects that mislead the authorities "in order to get support." The agency also warned organizations working with participants in the cryptocurrency industry about responsibility.
According to Reuters, the mining activity of BTC.TOP and company HashCow (Bitcoin mining) have already suspended operations in China.
Journalist Colin Wu noted that there is currently no specific information beyond the statement of the State Council. According to him, because of this uncertainty, any news or rumors "can cause volatility in the market."
According to TRON founder Justin Sun, the bull market is not over yet, and July and August will mark the beginning of a new round of the bull market.
China is strengthening its control over financial markets, acting from different sides, and these steps have an impact on the entire financial system. At the same time, China is taking new steps to restrict the mining of cryptocurrencies in the country and the possibility of paying with them. These steps deal damage to the crypto market.
USDCAD signalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hourly chart (the level of 1.3462), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.The signal for long position opening will be a break-down and fixing above the resistance at 1.3500 with the aim to go up to the resistance level of 1.3552 and in case of its break-down at the end of the hour to 1.3606. Stop loss in this strategy may be placed at the level of 1.3440.The signal for the opening of a short position is a break-down and fixation at the level of 1.3349 with the aim of going down to the support at 1.3295, in case of its breakdown an hour later, to 1.3243. Stop-loss in this strategy can be placed at the level of 1.3475.EURUSD signalsEURUSD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case the pair breaks through and rises above the resistance at 1.0810, aiming to the resistance at 1.0837-1.0869. Stop loss below 1.0760.I recommend to open short positions after breakdown and fixation below the support at the level of 1.0764 with the aim to go down to the support at the level of 1.0737-1.0710. Stop-loss is above 1.0820.GBPUSD signalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency is predisposed to rise.In the given technical situation pound can be bought from the level of 1.2243 and also it is possible to expose the pending buy order at the level of 1.2170 with the purpose of increase in the area of resistance at the level of 1.2353-1.2446, the stop at this strategy can be placed at the level of 1.2070. 
USDCAD signalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hourly chart (the level of 1.3479), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.The signal for long position opening will be a breakdown and fixation at the level of 1.3500 with the aim to go up to the resistance at 1.3552 and in case of its breakdown and fixation at the level of 1.3606. Stop loss in this strategy may be placed at the level of 1.3440.The signal for the opening of a short position will be a breakdown and fixation at the level of 1.3349 with the aim of reducing to the support at the level of 1.3295 in case of its breakdown and fixation at 1.3243. Stop-loss may be set at the level of 1.3475.EURUSD signalsThe EURUSD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of the resistance at 1.0870 with the aim of going up to the resistance at 1.0900-1.0931. Stop-loss below 1.0800.I recommend to open short positions after breakdown of support at 1.0807 with the aim to go down to support at 1.0781-1.0751. Stop loss is above 1.0885.GBPUSD signalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to increase.In the given technical situation pound can be bought from the level of 1.2226 and also it is possible to expose the pending buy order at the level of 1.2122 with the purpose of increase in the area of resistance at the level of 1.2374-1.2494, the stop at this strategy can be placed at the level of 1.2070. 
USDCAD SignalsUSDCAD is trading in a downtrend on the 4-hour chart. It can be seen that the rate USD/CAD trades below the moving average with a period of 55 on the hour chart (level 1.3540), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.The signal for long position opening will be a breakdown by the results of the hour and fixing above the resistance at 1.3446 with the aim to go up to the resistance level of 1.3500 and in case of its breakdown and fixing by the results of the hour - further to 1.3552. Stop-loss may be placed at the level of 1.3350.The signal for the opening of a short position is a breakdown and fixation below the support at 1.3362 with the aim of reducing to the support at 1.3317, in case of its breakdown and fixation at 1.3259. Stop loss can be set at 1.3455.EURUSD SignalsThe EURUSD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown and fixation at the level of 1.0759 with the aim of going up to the resistance at 1.0785-1.0809. Stop loss below 1.0710.I recommend opening short positions after breakdown of support at 1.0720 with the aim to go down to support at 1.0696-1.0667. Stop-loss is above 1.0770.GBPUSD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to increase.In the given technical situation pound can be bought from the level of 1.2147 and also it is possible to expose the pending buy order at the level of 1.2060 with the purpose of increase in the area of resistance at the level of 1.2344-1.2446, the stop at the given strategy can be placed at the level of 1.2040. 
USDCAD signalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hourly chart (the level of 1.3579), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.Breaking and fixing above the resistance level of 1.3621 with the aim to go up to the resistance level of 1.3698 and if it is broken down an hour later to 1.3758 will be a signal to open a long position. Stop-loss may be placed at the level of 1.3480.The signal for the opening of a short sell position will be a break-down and fixing below the support at 1.3521 with the aim of downward movement to 1.3482, and in case of its break-down and fixing at 1.3427. Stop loss in this strategy can be placed at the level of 1.3635.EURUSD signalsEURUSD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 1.0685 with the aim of going up to resistance at 1.0699-1.0712. Stop-loss is below 1.0640.I recommend to open short positions after breakdown of support at 1.0668 with the aim to go down to support at 1.0654-1.0640. Stop loss is above 1.0705.GBPUSD signalsOn the basis of technical modeling on pair GBPUSD was formed the forecast of the further movement and the average urgency is inclined to the decrease.In this technical situation, the pound can be sold from the level of 1.2065, you can also put a pending sell order at 1.2091 to lower support at 1.1901-1.1770, a stop on this strategy can be placed at 1.2155. 
USDCAD SignalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hour chart (the level of 1.3588), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.Breaking and fixing above the resistance level of 1.3621 with the aim to go up to the resistance level of 1.3698 and if it breaks down and fixes by the results of the hour - further to 1.3758 will be a signal to open a long position. Stop loss in this strategy can be placed at the level of 1.3480.The signal for the opening of a short sell position will be a break-down and fixation at the level of 1.3536 with the aim of going down to the support at 1.3482, and in case of its break-down and fixation at the end of the hour - down to 1.3427. Stop-loss may be placed at the level of 1.3635.EURUSD SignalsThe EURUSD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown and fixation at the level of 1.0635 with the aim of going up to the resistance at 1.0653-1.0670. Stop below 1.0600.I recommend to open short positions after breakdown and fixation below the support at the level of 1.0607 with the aim to go down to the support at the level of 1.0593-1.0578. Set a stop-loss above 1.0645.GBPUSD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to decrease.In this technical situation, the pound can be sold from the level of 1.2039 and you can also put a pending sell order at 1.2103 with the aim of lowering to the support area at 1.1901-1.1770, a stop on this strategy can be placed at 1.1755. 
USDCAD SignalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hour chart (the level of 1.3595), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave model.The signal for long position opening will be a break-down and fixation at the level of 1.3699 with the aim to go up to the resistance at 1.3758 and in case of its break-down and fixation at the level of 1.3810. Stop loss in this strategy can be placed at the level of 1.3560.The signal for the opening of a short position will be a breakdown and fixation at the level of 1.3497 below the support at the end of the hour with the aim of reducing to the support at 1.3393, in case of its breakdown and fixation at 1.3301. Stop-loss may be placed at the level of 1.3615.EURUSD SignalsThe EURUSD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case the pair breaks through and rises above the resistance at 1.0622, aiming to the resistance at 1.0639-1.0658. Stop-loss is below 1.0580.I recommend to open short positions after breakdown and fixation below the support at the level of 1.0589 with the aim to go down to the support at the level of 1.0571-1.0555. Stop-loss is higher than 1.0635.GBPUSD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to increase.In the given technical situation pound can be bought from the level of 1.2038 and also it is possible to expose the pending buy order at the level of 1.1979 with the purpose of increase in the area of resistance at the level of 1.2430-1.2748, the stop at the given strategy can be placed at the level of 1.1960. 
USDCAD SignalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading below the moving average with a period of 55 on the hourly chart (level 1.3591), which generally contributes to the decline in the price in the short term. I recommend to sell on this pair on the basis of the existing wave pattern.The signal for long position opening will be a break-down and fixing above the resistance at 1.3699 with the aim to go up to the resistance level of 1.3758 and if it is broken down and fixed at the end of the hour - further to 1.3810. Stop loss in this strategy can be placed at the level of 1.3560.The signal for the opening of a short position will be a breakdown and fixation at the level of 1.3497 below the support level of 1.3497 with the aim of reducing it to the support level of 1.3393, in case of its breakdown and fixation at the level of 1.3301. Stop-loss for this strategy may be placed at the level of 1.3615.EURUSD SignalsThe EURUSD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 1.0646 with the aim to go up to resistance at 1.0661-1.0678. Stop below 1.0610.I recommend to open short positions after breakdown of support at the level of 1.0624 with the aim to go down to the support at the level of 1.0608-1.0593. Stop above 1.0670.GBPUSD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to increase.In the given technical situation pound can be bought from the level of 1.2104 also it is possible to expose the pending buy order at the level of 1.2038 with the purpose of increase in the area of resistance at the level of 1.2430-1.2748, the stop at the given strategy can be placed at the level of 1.2000. 
USDCAD SignalsUSDCAD is trading in a downtrend on the 4-hour chart. It shows that the USD/CAD rate is trading above the moving average with a period of 55 on the hourly chart (the level of 1.3594), which generally contributes to the rise in price in the short term. I recommend to buy on this pair on the basis of the existing wave pattern.Breakdown and fixation at the level of 1.3698 with the aim to go up to the resistance at 1.3758 and if it is broken down and fixation at the end of the hour - further to 1.3810 will be a signal to open a long position. Stop-loss may be placed at the level of 1.3570.The signal for the opening of a short position will be a breakdown and fixation at the level of 1.3575 with the aim of reducing to the support at 1.3497, in case of its breakdown and fixation at the end of the hour - further to the level of 1.3393. Stop loss can be set up at the level of 1.3715.EURUSD SignalsEURUSD is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown and fixation at the level of 1.0627, with the aim to go up to the resistance at 1.0643-1.0659. Stop-loss below 1.0590.I recommend to open short positions after breakdown and fixation below the support at the level of 1.0596 with the aim to go down to the support at the level of 1.0579-1.0562. Stop loss is above 1.0635.GBPUSD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to decrease.In the given technical situation pound can be sold from the level of 1.2175 and you can also put a pending sell order at 1.2222 with the aim of lowering to the support area at the level of 1.1903-1.1829, a stop at this strategy can be placed at the level of 1.2260.