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Key Highlights Bitcoin price started a fresh increase and traded to a new all-time high above $75,000. BTC surpassed a major bearish trend line with resistance at $69,200 on the 4-hour chart. Gold prices dipped sharply below the $2,720 support zone. EUR/USD took a U-turn and traded below the 1.0760 support after Trump’s win. Bitcoin […]

The post Bitcoin Price Soars To Record Levels Amid Trump’s Presidential Win appeared first on Action Forex.

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31/07/2024

NZDUSD Wave Analysis

NZDUSD reversed from support level 0.5860 Likely to rise to resistance level 0.5920 NZDUSD currency pair recently reversed up from the pivotal support level 0.5860 (which reversed the price twice in April), standing close to the lower daily Bollinger Band. The upward reversal from the support level 0.5860 stopped the c-wave of the previous minor […]
17/07/2024

Crypto Market Reversal Saves XRP & Litecoin from Collapse

Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross $3500. Among the top coins, XRP stands out, soaring 12% in a day and 38% in 7 days, taking out […]
30/10/2024

UK Budget Preview: GBP/USD, GBP/JPY and EUR/GBP Price Action Ideas

UK Autumn Budget anticipation mounts as markets remain calm, unlike during the ‘Trussonomics’ era. GBP/USD faces a critical juncture at the 1.3000 level, with potential for both upside and downside breaks. GBP/JPY nears the 200.00 handle, a daily close above could trigger a run towards July highs. The GBP has steadily gained ground against the […]