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On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark. On March 25, we wrote that anxiety remains in the Bitcoin market. Technical analysis of the BTC/USD chart with new data on the behavior of Bitcoin prices today relative to […]

The post BTC/USD Analysis: Bearish Arguments Become More Convincing appeared first on Action Forex.

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11/07/2024

Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable

EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot level. There is a key bullish trend line forming with support near 1.0820 on the hourly chart of EUR/USD at […]
29/11/2023

Bullish Trend in AUDUSD Pauses But Remains Intact

The Australian dollar (AUD) gained 0.64% on Tuesday, as the U.S. dollar was weakening on fuelling expectations that the Federal Reserve (Fed) has finished hiking interest rates. Possible effects for traders AUD is a risk-sensitive currency. Therefore, AUDUSD tends to rise when the market expects the end of monetary policy tightening and turns optimistic on […]
10/01/2024

GBP/USD: Near-Term Action Lacks Clearer Direction Signal But Overall Still Bullishly Aligned

Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone. Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week and capped by 200WMA (1.2837). Daily studies are mixed as MA’s remain bullishly aligned, but momentum is turning negative, […]