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The main question, just a few years ago, was when the crypto bubble would burst. Over time, bitcoin gradually earned its place in the minds and portfolios of traders and investors. Competing actively with physical gold and other investment and defensive assets, digital gold emerged as a formidable contender. In the past year, the merits […]

The post Forecast 2024: Bitcoin Yesterday, Tomorrow, and the Day After appeared first on Action Forex.

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08/03/2024

WTI Oil Futures in Fierce Battle with 50.0% Fibo

WTI futures jump above the 200-day SMA But fail to conquer the 50.0% Fibonacci level Oscillators suggest intensifying positive momentum WTI oil futures (April delivery) have been staging a comeback after finding their feet at the 68.00 region in December. However, the recovery seems to have been on hold for the past few sessions as the […]
09/08/2024

Canadian Dollar Rallies, Jobs Report Looms

The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps up the week with the July employment report. The June report […]
07/05/2024

GBP/USD Aims Higher As Dollar Signals Weakness

Key Highlights GBP/USD started a recovery wave above the 1.2500 resistance. A connecting bullish trend line is forming with support at 1.2500 on the 4-hour chart. Gold prices are attempting a fresh increase above the $2,300 resistance. Bitcoin recovered losses and was able to retest the $65,000 resistance zone. GBP/USD Technical Analysis The British Pound […]