Logo-color Logo-white

Key Highlights Bitcoin price climbed higher steadily higher above the $67,500 and $70,000 resistance levels. BTC is trading well above a key bullish trend line with support near $63,850 on the 4-hour chart. Crude oil prices found support near $76.80 and started a recovery wave. Gold surged toward the $2,450 level before a minor pullback. […]

The post Bitcoin’s Resurgence: Price Climbs with Renewed Momentum appeared first on Action Forex.

previous

Oil Shows Weakness

next

Elliott Wave Analysis Expects Dow Futures (YM) to Pullback in Wave 4

Read More

11/09/2024

Japanese Yen Taking a Leap This Morning

Markets Momentum changed yesterday from the US opening as core bonds steamed ahead. The move was triggered by another sudden drop in oil prices. Brent crude prices opened around $72/b, but a break below the recent lows ($70.6 area) accelerated the downleg with an intraday low near $68.5/b. Commodity prices like oil or iron ore […]
24/05/2024

S&P 500 Analysis: Good News is Bad News

Yesterday, S&P Global reported its Purchasing Managers’ Index (PMI) values for the US, which exceeded expectations. According to ForexFactory: → Manufacturing PMI: actual = 50.9; expected = 50.0; previous = 50.0. → Services PMI: actual = 54.8 (the highest value since May 2023); expected = 51.2; previous = 51.3. However, the high PMI values, indicating […]
19/07/2024

GBP/USD: Cable Dips Further After Downbeat UK Retail Sales

Cable remains in red for the second consecutive day and extends pullback from new one-year high (1.3044). Weaker than expected UK retail sales increase pressure on sterling and add to bets for BoE rate cut in August (currently at 44%). Fresh bears broke below the floor of recent consolidation (around Fibo 23.6% of 1.2615/1.3044 upleg), […]