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BTCUSD drops to its lowest level since May 2 Despite initial rebound, price remains under selling pressure Momentum indicators hover near oversold territory BTCUSD (Bitcoin) has been experiencing a vast selloff since the beginning of June, temporarily breaking below the 60,000 psychological mark. Although the price managed to halt its retreat just shy of the 200-day simple […]

The post BTCUSD Bounces Off 1-Month Low appeared first on Action Forex.

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12/07/2024

USDCAD Wave Analysis

USDCAD reversed from key support level 1.3600 Likely to rise to resistance level 1.3700 USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May. The support level 1.3600 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci […]
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