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BTCUSD edged higher on Friday and hit new three week high, in attempts to extend 4.6% advance on Thursday. Bitcoin received strong boost from Fed rate cut and underpinned by dovish shift in global rate view. Technical picture is bullish on daily chart (multiple MA bull-crosses / 14-d momentum is in steep ascend), but bulls […]

The post BTCUSD – Bulls Likely to Take a Breather Following Repeated Failure at 200DMA Barrier appeared first on Action Forex.

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24/04/2024

WTI Crude Oil Wave Analysis

WTI crude oil reversed from support zone Likely to rise to resistance level 86.00 WTI crude oil recently reversed up from the support zone lying between the round support level 80.00 (low of wave (iv) from March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from February. The upward reversal […]
10/12/2024

Japanese Yen Weakens as USD/JPY Climbs Amid BoJ Rate Hike Uncertainty

The USD/JPY pair reached a high of 151.07 on Tuesday, marking its highest level in a week. This movement is largely attributed to ongoing uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ). The market remains split on whether the BoJ will implement a rate increase in December […]
09/05/2024

UK 100 Index Swings to All-Time High

UK 100 hits record high after the BoE rate decision; up 8% year-to-date Next target at 8,500, but fears of an overbought market might delay rally The UK 100 stock index (cash) has been performing incredibly well over the past four months, staging another exponential rally this week to unlock an all-time high of 8,393 […]