Logo-color Logo-white

BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the price dropped to a fresh six-week low a tad beneath the 60,000 psychological mark, just a couple of days ahead of […]

The post BTCUSD Drops to 6-Week Low as Halving Looms appeared first on Action Forex.

previous

WTI: Oil Prices Fall Further on Rising Demand Concerns

next

AUDJPY Pulls Back But Stays in Uptrend

Read More

16/01/2024

Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023

According to the Bank of Canada Business Outlook Survey (BOS) Canadian business sentiment remained downbeat in the fourth quarter of 2023. The BOS indicator, a statistical summary of survey results, was -3.15 in 2023 Q4, up only slightly from the post-pandemic low of -3.45 in 2023 Q3. The pessimistic tone was broad-based across sectors and […]
05/01/2024

S&P 500 Index Wave Analysis

S&P 500 index reversed from resistance level 4800 Likely to fall to support level 4600.00 S&P 500 index recently reversed down from the major long-term resistance level 4800.00 (which stopped the sharp weekly uptrend at the end of 2021). The resistance level 4800.00 was strengthened by the upper daily and weekly Bollinger Bands. Given the […]
06/08/2024

Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back

Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East […]