Logo-color Logo-white

Key Highlights Bitcoin price started another decline below the $60,000 support zone. BTC is trading below a major bearish trend line with resistance at $63,800 on the 4-hour chart. EUR/USD remained stable and attempted to recover above 1.0720. Oil prices are eyeing more upsides above the $82.50 resistance. Bitcoin Price Technical Analysis Bitcoin price failed […]

The post Bitcoin Plummets Below $60K: Analyzing the Sudden Crash appeared first on Action Forex.

previous

EURJPY Wave Analysis

next

Elliott Wave Analysis on Silver (XAGUSD) Expects Further Correction Lower

Read More

07/08/2024

GBP/USD Outlook: Recovery Above Daily Cloud Likely to Be Limited

Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected. Subsequent rise may generate initial bullish signal on return and close above daily cloud, though more work at the upside […]
22/07/2024

Biden Leaving Election Races Dominates Headlines

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]
01/12/2023

Cliff Notes: Constructive Policy Developments

Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing upside surprises within the detail. Indeed, goods prices – which constitute the bulk of the new information at this point […]