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Key Highlights Bitcoin price gained over 15% in the past few days. BTC is trading above a connecting bullish trend line with support at $61,500 on the 4-hour chart. Oil prices corrected losses and climbed above the $71.20 resistance. Gold surged to a new all-time high above $2,630. Bitcoin Price Technical Analysis Bitcoin price started […]

The post Bitcoin Price Could Be Ready for Bigger Gains, Gold Sets New ATH appeared first on Action Forex.

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20/06/2024

AUDUSD Extends Sideways Movement

AUDUSD trades back and forth within its range The ascending 50-day SMA acts as a strong floor Oscillators remain tilted to the bullish side AUDUSD has been trading sideways for more than a month now as the price has been unable to jump above the five-month high of 0.6713. However, the pair’s downside also seems to […]
04/01/2024

USD/CAD Price Analysis: Declines Toward 1.3300 ahead of US/Canada Employment Data

USD/CAD falls sharply to near 1.3320 amid a correction in the USD Index. Investors await the US/Canada labour market data for further guidance. The Loonie asset struggles to break above the 23.6% Fibo retracement. The USD/CAD pair falls sharply after failing to extend upside above 1.3370. The Loonie asset has dropped to near 1.3320 as […]
07/12/2024

ECB Preview: A Disputed 25bp Rate Cut

Next week, the ECB is set to cut rates for the fourth time this year. Unlike the previous three cuts, the outcome of next week’s rate decision is not given as 1) the restrictive policy stance, 2) the deteriorating growth outlook, and 3) inflation at target has opened discussions of a 50bp cut. While a […]