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Key Highlights Bitcoin price is aiming for a decent increase above the $60,000 resistance. BTC cleared a key contracting triangle with resistance at $60,800 on the 4-hour chart. Gold bulls pushed the price above the $2,500 resistance zone. GBP/USD is showing positive signs and aiming for a move above 1.3000. Bitcoin Price Technical Analysis Bitcoin […]

The post Bitcoin Price Breakout: Could It Lead To Bigger Gains? appeared first on Action Forex.

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11/12/2023

Dollar Index: Dollar Keeps Firm Tone and Attempts Again Through Pivotal Barriers at 104.10 Zone

The dollar index remains constructive at the start of the week, following Friday’s jump on robust US November labor data. The greenback benefited from higher than expected US NFP and unemployment below consensus in November, which signaled that labor market remains resilient and softening narrative about rate cuts. However, recovery faces headwinds from pivotal barrier […]
18/01/2024

EURJPY Wave Analysis

EURJPY reversed from key support level 158.40 Likely to rise to resistance level 162.00 EURJPY currency pair recently reversed up from the key support level 158.40 (former resistance from last month, acting as the support after it was broken). The support level 158.40 was strengthened by the 38.2% Fibonacci correction of the previous sharp upward […]
26/04/2024

USD/JPY Sets New Multi-Decade High, Bulls In Control

Key Highlights USD/JPY rallied further above the 155.00 resistance. A major bullish trend line is forming with support at 155.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0750 resistance zone. Crude oil prices could decline and revisit the $81.00 level. USD/JPY Technical Analysis The US Dollar remained in a strong uptrend above […]