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Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]

The post Bitcoin Price Turns Red And Could Revisit $40K appeared first on Action Forex.

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06/09/2024

AUDUSD Bounces Off 0.6700 But Looks Weak

AUDUSD flirts with weekly downtrend line Stochastics create bullish cross But RSI holds near neutral level AUDUSD has reversed to the upside after the rebound off the 0.6700 round number with strong barrier coming from the weekly descending trend line around 0.6750. Over the last couple of weeks, the market has been developing back and […]
10/09/2024

AUD/USD Shrugs After Weak Confidence Data

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6671 in the European session, up 0.17% today at the time of writing. With the Australian economy sputtering, it should come as no surprise that today’s confidence indicators pointed downward. Westpac consumer confidence change declined 0.5% m/m in September, falling from 85.0 […]
02/02/2024

USDCHF Selling The Pair At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is bearish against the 0.9246 pivot. Our team recommended members to avoid buying , while keep favoring the short side in […]