Logo-color Logo-white

Key Highlights Crude oil bulls are eyeing an upside break above the $81.00 resistance. A major bullish trend line is forming with support at $78.40 on the 4-hour chart. Gold prices extended gains above the $2,032 resistance. Bitcoin trimmed most losses and could extend its increase above $70,000. Crude Oil Price Technical Analysis After struggling […]

The post Crude Oil Price Aims Higher As Dollar Takes Hit appeared first on Action Forex.

previous

USD/JPY: Falls Below 150.00 on Growing Expectations for BoJ Rate Hike in March

next

Keeping Up With the Central Banks

Read More

04/11/2024

EUR/USD Bears Eye Control: Is the Downtrend Set to Continue?

Key Highlights EUR/USD struggled to recover above the 1.0900 resistance zone. A connecting trend line is forming with resistance at 1.0900 on the 4-hour chart. GBP/USD is signaling a bearish bias below the 1.3050 resistance. Gold corrected gains and traded below $2,750. EUR/USD Technical Analysis The Euro started an upside correction above the 1.0820 level […]
01/10/2024

Gold (XAU/USD) Prices Slide as Q3 Draws to a Close

Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction? […]
08/03/2024

WTI Oil Futures in Fierce Battle with 50.0% Fibo

WTI futures jump above the 200-day SMA But fail to conquer the 50.0% Fibonacci level Oscillators suggest intensifying positive momentum WTI oil futures (April delivery) have been staging a comeback after finding their feet at the 68.00 region in December. However, the recovery seems to have been on hold for the past few sessions as the […]