The index, which measures business activity in the services sector of the Chinese economy, in March reached the highest level since December last year. According to Caixin/Markit data, it was 54.3 points. At the same time, in February, the indicator was at the level of 51.5 points. The results of the survey also showed that Chinese companies are increasing their hiring. In March, the number of people hired exceeded the number of dismissed employees of companies. The Chinese authorities managed to cope relatively quickly with such a problem as the spread of the coronavirus. In this regard, the country's economy is successfully recovering from the crisis. However, prices for services continue to rise due to the increasing cost of consumable components. A similar situation is observed in the country's manufacturing industry, which hinders the faster pace of recovery of the Chinese economy. Companies have been raising prices for their products and services for eight consecutive months. Nevertheless, the index, which measures the degree of optimism of Chinese businesses about the state of the economy for the next 12 months, rose to the highest in the last 10 years.
CHINA'S SERVICE SECTOR IS RECOVERING AT AN ACCELERATED PACE
Other analytics by this trader
Litecoin forecast for the week of July 19-25, 2021
Litecoin LTC/USD is trading at 126.99. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Litecoin exchange rate forecast, a test of the level of 148.20 is expected. From where we should expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The target of such a movement is the area near the level of 41.20. The conservative area for Litecoin sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 149.20.Litecoin signal for the week of July 19-25, 2021The cancellation of the option of continuing the decline of the Litecoin exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as a moving average with a period of 55 and the closing of the pair's quotes above the area of 210.20. This will indicate a change in the current trend in favor of a bullish one for LTC/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.Litecoin forecast for the week of July 19 - 25, 2021 assumes a test of the level of 148.20. Then it is expected to continue falling to the area below the level of 41.20. The conservative selling zone is located near the area of 149.20. The breakdown of the level of 210.20 will act as a cancellation of the fall of the cryptocurrency. In this case, we should expect continued growth. Ethereum forecast for the week of July 19-25, 2021
Ethereum ETH/USD is trading at the level of 1946. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Ethereum. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the forecast of the Ethereum exchange rate, a test of the 2140 level is expected. From where we should expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The target of such a movement is the area near the 1270 level. The conservative area for Ethereum sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 2420.Ethereum signal for the week of July 19-25, 2021The cancellation of the option of continuing the decline in the Ethereum exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 2620. This will indicate a change in the current trend in favor of a bullish one for ETH/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.The Ethereum forecast for the week of July 19 - 25, 2021 assumes a test of the 2140 level. Further, the fall is expected to continue to the area below the level of 1270. The conservative sales zone is located near the 2420 area. The breakdown of the level of 2620 will be the cancellation of the option of the fall of the cryptocurrency. In this case, we should expect continued growth. Bitcoin forecast for the week of July 19-25, 2021
Bitcoin BTC/USD is trading at the level of 31934. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Bitcoin. At the moment, cryptocurrency quotes are moving near the lower border of the bands of the Bollinger Bands indicator.As part of the Bitcoin exchange rate forecast, a test of the 34040 level is expected. From where we should expect an attempt to continue the fall of BTC/USD and further development of the downward trend. The goal of such a movement is the area near the level of 22070. The conservative area for Bitcoin sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 35980.Bitcoin signal for the week of July 19-25, 2021The cancellation of the option of continuing the decline in the Bitcoin exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 38200. This will indicate a change in the current trend in favor of a bullish one for BTC/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.The bitcoin forecast for the week of July 19 - 25, 2021 assumes a test of the 34040 level. Further, the fall is expected to continue to the area below the level of 22070. The conservative sales zone is located near the area of 35980. The cancellation of the fall of the cryptocurrency will be the breakdown of the 38200 level. In this case, we should expect continued growth. Ripple XRP/USD forecast for June 29, 2021
Ripple XRP/USD is trading at 0.6369. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Ripple. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Ripple exchange rate forecast, a test of the 0.6780 level is expected. From where we should expect an attempt to continue the fall of XRP/USD and further development of the downward trend. The target of such a movement is the area near the level of 0.4890. The conservative area for Ripple sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 0.6790. Ripple XRP/USD forecast for June 29, 2021 The cancellation of the option of continuing the decline of the Ripple exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the 0.7420 area. This will indicate a change in the current trend in favor of a bullish one for XRP/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.Ripple XRP/USD forecast for today, June 29, 2021 suggests a test of the 0.6780 level. Further, the fall is expected to continue to the area below the level of 0.4890. The conservative sales zone is located near the 0.6790 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the 0.7420 level. In this case, we should expect continued growth. Bitcoin exchange rate forecast for the week of June 28 - July 4, 2021
Bitcoin BTC/USD is trading at the level of 34671. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Bitcoin. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Bitcoin exchange rate forecast, a test of the 40540 level is expected. From where we should expect an attempt to continue the fall of BTC/USD and further development of the downward trend. The target of such a movement is the area near the level of 23500. The conservative area for Bitcoin sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 40580. Bitcoin exchange rate forecast for the week of June 28 - July 4, 2021 The cancellation of the option of continuing the decline in the Bitcoin exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 45580. This will indicate a change in the current trend in favor of a bullish one for BTC/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.The bitcoin exchange rate forecast for the week of June 28 - July 4, 2021 assumes a test of the 40540 level. Further, it is expected to continue falling to the area below the level of 23500. The conservative sales zone is located near the 40580 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 45580. In this case, we should expect continued growth. Litecoin LTC/USD forecast for Today June 15, 2021
Litecoin LTC/USD is trading at the level of 170.97. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Litecoin. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Litecoin exchange rate forecast, a test of the 180.30 level is expected. Where to expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The target of this movement is the area near the level of 130.20. The conservative area for Litecoin sales is located near the upper border of the Bollinger Bands indicator at the level of 181.00. Litecoin LTC/USD forecast for Today June 15, 2021 The cancellation of the option to continue the decline of the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 196.20. This will indicate a change in the current trend in favor of the bullish LTC/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.Litecoin LTC/USD forecast for today, June 15, 2021 suggests a test of the level of 180.30. Further, it is expected to continue falling to the area below the level of 130.20. The conservative sales zone is located near the area of 181.00. The cancellation of the fall of the cryptocurrency will be a breakdown of the level of 196.20.In this case, we should expect continued growth. Ripple XRP/USD forecast for today June 15, 2021
Ripple XRP/USD is trading at 0.8675. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Ripple. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Ripple exchange rate forecast, a test of the 0.9170 level is expected. Where to expect an attempt to continue the fall of XRP/USD and further development of the downward trend. The target of this movement is the area near the level of 0.6960. The conservative area for Ripple sales is located near the upper border of the Bollinger Bands indicator bands at 0.9180. Ripple XRP USD forecast for today June 15, 2021 The cancellation of the option to continue the decline of the Ripple rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the 1.0420 area. This will indicate a change in the current trend in favor of a bullish one for XRP/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.Ripple XRP/USD forecast for today, June 15, 2021 suggests a test of the level of 0.9170. Further, it is expected to continue falling to the area below the level of 0.6960. The conservative selling zone is located near the 0.9180 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 1.0420. In this case, we should expect continued growth. Ethereum ETH/USD forecast for today June 15, 2021
Ethereum ETH/USD is trading at 2468. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Ethereum. At the moment, the cryptocurrency quotes are moving near the lower border of the bands of the Bollinger Bands indicator.As part of the Ethereum exchange rate forecast, a test of the 2610 level is expected. Where to expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The target of this movement is the area near the 2090 level. The conservative area for selling Ethereum is located near the upper border of the Bollinger Bands indicator at the level of 2620. Ethereum ETH/USD forecast for today June 15, 2021 The cancellation of the option to continue the decline in the Ethereum rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of the pair's quotes above the 2800 area. This will indicate a change in the current trend in favor of a bullish one for ETH/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.Ethereum ETH/USD forecast for today, June 15, 2021 suggests a test of the level of 2610. Further, it is expected to continue falling to the area below the 2090 level. The conservative sales area is located near the 2620 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 2800. In this case, we should expect continued growth.