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Key Highlights Bitcoin price rallied above the $66,500 and $68,500 resistance levels. BTC is trading above a key bullish trend line with support at $66,000 on the 4-hour chart. EUR/USD extended losses below the 1.0850 support zone. Oil prices are still at risk of more losses below $76.50. Bitcoin Price Technical Analysis Bitcoin price started […]

The post Bitcoin Dips From $70K Milestone: Are The Dips Supported? appeared first on Action Forex.

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12/12/2023

USD/JPY Technical: Potential JPY Bullish Pressure Reasserts

The 2-day rebound seen in USD/JPY has reached 146.20/70 minor resistance zone. The movement of USD/JPY in the past month has a significant direct correlation with the US 10-year Treasury/10-year JGB yield spread. The short-term to medium-term trends of the US 10-year Treasury/10-year JGB yield spread remain bearish. Watch the 146.70 key short-term resistance on […]
06/02/2024

BTCUSD Found Buyers At The Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of BTCUSD published in members area of the website. As our members know Bitcoin has given us 3 waves pull back recently that found buyers right at the equal legs area. We have been favoring the […]
12/03/2024

GBPCAD Wave Analysis

GBPCAD reversed from resistance level 1.7325 Likely to fall to support level 1.7200 GBPCAD currency pair today reversed down from the long-term resistance level 1.7325 (which has been reversing the pair from the middle of last year, as can be seen below). The resistance level 1.7325 was further strengthened by the upper daily and the […]