Logo-color Logo-white

BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat July NFP report. In contrast to stocks, Bitcoin has failed to recover notable ground as the 50-day simple […]

The post BTCUSD Completes Death Cross appeared first on Action Forex.

previous

Sunset Market Commentary

next

Jackson Hole Economic Symposium: Must-Watch Market Event

Read More

01/08/2024

Sunset Market Commentary

Markets After the Fed’s most clear pivot towards imminent rate cuts yesterday, the Bank of England thought it could do even better. It cut the policy rate by 25 bps to 5% in a 5-4 split vote. For “some” in the group of 5 it was a finely balanced decision – similar to what was […]
22/07/2024

AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day

AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large bearish candle (the first week in red after five consecutive weeks of […]
15/07/2024

Japanese Yen Surges Amidst Potential Interventions

The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The yen’s recent surge is attributed to widespread market speculation regarding potential interventions by Japanese authorities. Analysts believe that Japan may […]