Logo-color Logo-white

BTCUSD capped by its 20-period SMA at 68,625. Price trapped in short-term bearish channel A surge above 70,000 could shift the bias to positive BTCUSD (Bitcoin) has been sailing in choppy waters since the peak at a seven-month high of 73,609 recently finding a footing at the lower boundary of a bearish channel in the four-hour chart. As Election Day […]

The post BTCUSD Challenges Resistance at 20-SMA appeared first on Action Forex.

previous

Australian Dollar Jumps on Hawkish RBA

next

ISM Services Jump to a 27-Month High in October

Read More

20/09/2024

Market Analysis: GBP/USD Rallies While USD/CAD Struggles

GBP/USD started a fresh increase above the 1.3200 zone. USD/CAD declined and now consolidates below the 1.3600 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3300 resistance. There is a key expanding triangle forming with support near 1.3200 on the hourly chart of GBP/USD at […]
22/12/2023

USD/JPY Remains In Downtrend, US GDP Disappoints At 4.9%

Key Highlights USD/JPY failed to clear the 145.00 resistance zone and declined. A major bearish trend line is forming with resistance at 144.00 on the 4-hour chart. EUR/USD and GBP/USD remained in a positive zone and eye more gains. The US GDP grew 4.9% in Q3 2023, less than the market forecast of 5.2%. USD/JPY […]
07/08/2024

GBPUSD Drops Out of Bullish Channel

GBPUSD trims more gains after bearish channel breakout Technical signals remain negative; support at 1.2670 GBPUSD bears powered up on Tuesday with scope to fight the 200-day simple moving average (SMA) and the support trendline from the 2022 low at 1.2670, which triggered the April-July bull trend. Notably, the 50% Fibonacci retracement of this upleg […]