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BTCUSD – steep pullback from new record high extends into third straight day and accelerated after loss of psychological 100K support. Completion of Evening Doji Star reversal pattern on daily chart added to downside prospects, prompting stronger profit-taking that pushed the price to 94K zone in European session trading on Friday. Bitcoin is on track […]

The post BTCUSD on Track for First Weekly Loss in Two Months appeared first on Action Forex.

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09/01/2024

Gold Price Signals Fresh Decline, Upsides Limited

Key Highlights Gold prices started a fresh decline from the $2,088 resistance. A key bearish trend line is forming with resistance near $2,050 on the 4-hour chart. Crude oil prices are also struggling to rise above the $74.00 resistance. EUR/USD managed to stay above the 1.0880 support zone. Gold Price Technical Analysis Gold gained pace […]
20/06/2024

Decision Day Will Bring Three Important Policy Announcements on Top of China’s

Appetite in Europe was weak yesterday in the absence of American markets. The French CAC40 remained firmly offered near its 200-DMA and fell 0.77%, the European Stoxx 600 index retreated 0.17%, and the Swiss SMI consolidated above the 12’000 mark while the FTSE 100 took out the 50-DMA and closed slightly higher at yesterday’s trading […]
20/08/2024

EUR/USD Outlook: Bulls Hold Grip for Further Gains, Shallow Correction Likely to Precede Fresh Push Higher

EURUSD ticked to new 2024 high (1.1088) on Tuesday, but bulls show signs of fatigue after strong rally in past two days. Fundamentals remain supportive as Eurozone trade surplus strongly widened in June and inflation remained elevated in July, signaling further gains after correction. Bullish daily studies contribute to positive outlook, but overbought conditions and […]