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The well-known (but anonymous) analyst known as PlanB predicted that Bitcoin’s price will reach $150,000 by the end of this year and $800,000 by 2025. How realistic is this? Analyzing the long-term BTC/USD chart on May 16, we built a “roadmap” for Bitcoin’s price, which appeared as an expanding fan consisting of a median line, […]

The post Bitcoin Finds Support: Will It Last? appeared first on Action Forex.

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USD/JPY: Probes Again Through Pivotal Fibo Barrier, Inflated by Diverging Monetary Policies

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12/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from support level 162.40 Likely to rise to resistance level 167.35 CHFJPY recently reversed up sharply from the key support level 162.40, which has been reversing the pair from the start of August. The upward reversal from the support level 162.40 created the daily Japanese candlesticks reversal pattern Long legged Doji. Given the […]
22/05/2024

NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate

Reserve Bank of New Zealand Consumer Price Index New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends. The CPI Y/Y, encompassing all items, has dropped from […]
30/11/2023

We Reaffirm Our View RBA Will hold in December, But February 2024 Meeting Still Live

The RBA revised up its near-term inflation forecast in November and delivered one of the “one to two” rate increases assumed in their forecasts. Not enough new information has come to hand since then to warrant delivering a second increase just yet. The monthly CPI indicator is volatile, but the October reading was a bit […]