Logo-color Logo-white

Key Highlights EUR/USD is aiming for a move toward the 1.0920 resistance. A bullish flag seems to be forming with resistance at 1.0845 on the 4-hour chart. Bitcoin is showing positive signs and might extend gains above $63,000. Gold prices surged above the $2,050 resistance zone. EUR/USD Technical Analysis The Euro started a recovery wave […]

The post EUR/USD Aims Higher, Bitcoin Could Extend Gains appeared first on Action Forex.

previous

Forex and Cryptocurrencies Forecast

next

A Week Packed with Data and Decisions

Read More

19/08/2024

New Zealand Dollar Extends Gains as Services Index Rises

The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of Services Index rose to 44.6 in July, up sharply […]
10/05/2024

British Pound Listless Despite Strong GDP

The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and above the Q4 2023 decline of 0.3%. This marks […]
07/05/2024

Gold Attempts Recovery to Only Face Limitations Again

Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the precious metal successfully above the constraining zone of 2,325. This is where the 23.6% Fibonacci […]