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Key Highlights Crude oil bulls are eyeing an upside break above the $82.80 resistance. There was a break above a major bearish trend line with resistance at $79.45 on the 4-hour chart. Gold prices started a downside correction from the $2,195 zone. Bitcoin struggled above $72,000 and corrected below $70,000. Crude Oil Price Technical Analysis […]

The post Crude Oil Price Reclaims $80, Can Bulls Push It To $85? appeared first on Action Forex.

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16/05/2024

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave […]
18/12/2023

Euro Stabilizes Despite Weak German Business Confidence

German business confidence weaker than expected The euro has started the week in positive territory on Monday. In the European session, EUR/USD is trading at 1.0914, up 0.18%. It was a week of sharp swings for the euro, which posted strong gains during the week but reversed directions on Friday and declined 0.88%. Still, the […]
05/03/2024

Bitcoin Price Breaks $68K and Eyes New ATH, Why Dips Are Attractive

Key Highlights Bitcoin price extended its rally above $65,000 and $68,000. BTC cleared a rising channel with resistance at $65,750 on the 4-hour chart. Ethereum also rallied above the $3,450 and $3,500 resistance levels. Gold prices are accelerating higher toward the $2,120 resistance. Bitcoin Price Technical Analysis Bitcoin price remained in a strong uptrend above […]