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Key Highlights Bitcoin price started a fresh decline below $68,000 and $65,000. BTC is facing hurdles near $68,000 and a bearish trend line on the 4-hour chart. Crude oil price corrected gains below $86.20. Gold price also dipped below the $2,380 and $2,365 support levels. Bitcoin Price Technical Analysis Bitcoin price failed to stay above […]

The post Bitcoin Price Recovers But Upsides Could Be Limited appeared first on Action Forex.

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EURUSD Dives Further Near 1.0600

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26/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation in the price towards the 1st support level. The 1st support level at 103.00 is considered significant for several reasons. It represents an […]
29/04/2024

Is There Anyone Out There?

Just one week after posting its worst weekly loss over a year, and after a week of unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations, we saw the S&P500 record its best performance since October 2023. Yes, the S&P500 gained nearly 3% last week, while Nasdaq 100 gained more […]
10/05/2024

EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area

Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know, EURUSD has ended the cycle from the December’s 2023 peak. The pair has recently pulled back in a 3-wave pattern, with buyers stepping […]