Key Highlights Ethereum found support near $3,100 and corrected some losses. ETH traded below a key bullish trend line with support at $3,680 on the daily chart. Bitcoin price must settle above $100,000 to start a fresh increase. XRP could gain bullish momentum if it clears the $2.50 resistance. Ethereum Technical Analysis Ethereum declined heavily […]

The post Ethereum Path To Fresh Increase: Are Bulls Running Out of Steam? appeared first on Action Forex.

Key Highlights AUD/USD declined heavily below the 0.6380 and 0.6350 support levels. A major bearish trend line is forming with resistance near 0.6280 on the 4-hour chart. EUR/USD is consolidating below the 1.0450 resistance zone. Gold is attempting to recover above the $2,620 pivot level. AUD/USD Technical Analysis The Aussie Dollar started a major decline […]

The post AUD/USD Nosedives: Are Bears Eyeing Further Damage? appeared first on Action Forex.

Key Highlights EUR/USD started a recovery wave from the 1.0350 zone. A key bearish trend line is forming with resistance near 1.0450 on the 4-hour chart. GBP/USD is facing hurdles near the 1.2650 and 1.2720 levels. Bitcoin and Ethereum gained bearish pace and declined below key support levels. EUR/USD Technical Analysis The Euro traded as […]

The post EUR/USD Battles Headwinds: Bulls Face Tough Terrain appeared first on Action Forex.

Key Highlights USD/JPY started a fresh surge above the 154.00 resistance. A key bullish trend line is forming with support at 154.50 on the 4-hour chart. EUR/USD tumbled toward 1.0350 before correcting some losses. AUD/USD and NZD/USD accelerated losses. USD/JPY Technical Analysis The US Dollar formed a base above 152.00 against the Japanese Yen. USD/JPY […]

The post USD/JPY Jumps Post-Fed: Can The Rally Sustain? appeared first on Action Forex.

Key Highlights GBP/USD is consolidating above the 1.2620 support zone. A major bearish trend line is forming with resistance at 1.2740 on the 4-hour chart. Gold prices could decline if it settles below the $2,620 support zone. The US GDP could grow 2.8% in Q3 2024. GBP/USD Technical Analysis The British Pound struggled above 1.2750 […]

The post GBP/USD Approaches Critical Test: Can Bulls Push Higher? appeared first on Action Forex.

Key Highlights Gold failed to clear the $2,725 resistance and corrected gains. A connecting bullish trend line is forming with support at $2,630 on the 4-hour chart. Oil prices are struggling to clear the $71.50 resistance. EUR/USD could decline if it breaks the 1.0450 support level. Gold Price Technical Analysis Gold prices remained well-bid near […]

The post Gold Signals Caution: A Shift in Trend Ahead? appeared first on Action Forex.

Key Highlights Bitcoin price started a fresh rally and traded to a new all-time high at $107,643. BTC cleared a connecting bearish trend line with resistance at $101,500 on the 4-hour chart. Ethereum price seems to be facing hurdles near the $4,000 zone. XRP is consolidating gains above the $2.20 support zone. Bitcoin Price Technical […]

The post Bitcoin Soars to Fresh Record High: How Far Can It Go? appeared first on Action Forex.

Key Highlights EUR/USD struggled to extend gains above the 1.0620 resistance zone. It traded below a connecting bullish trend line with support at 1.0535 on the 4-hour chart. USD/JPY is attempting to climb above the 154.00 resistance zone. Bitcoin rallied to a new all-time high above $106,000. EUR/USD Technical Analysis The Euro failed to settle […]

The post EUR/USD Wavers: A Tough Road Ahead for The Bulls appeared first on Action Forex.

Key Highlights USD/JPY started a fresh increase above the 151.00 resistance zone. It cleared a key bearish trend line with resistance at 151.20 on the 4-hour chart. EUR/USD failed to recover above the 1.0620 level and trimmed some gains. Ethereum extended gains and might stabilize above the $4,000 level. USD/JPY Technical Analysis The US Dollar […]

The post USD/JPY At Crossroads: Key Levels In Focus appeared first on Action Forex.

Key Highlights Ethereum is eyeing a key upside break above the $4,000 resistance zone. ETH price is facing hurdles near a contracting triangle with resistance near $3,950 on the daily chart. Bitcoin price started a decent increase above $98,000 after a short-term downside correction. Gold prices extended gains and traded above the $2,700 zone. Ethereum […]

The post Ethereum Sets Sights on New All-Time High: Can It Deliver? appeared first on Action Forex.

Key Highlights GBP/USD started a recovery wave above the 1.2550 resistance zone. A key rising channel is forming with support near 1.2720 on the 4-hour chart. Gold prices could accelerate higher toward $2,700 or even $2,720. USD/JPY is recovering losses and might test the 152.50 resistance. GBP/USD Technical Analysis The British Pound started a recovery […]

The post GBP/USD Tests 1.2800: Breakout Could Ignite Momentum appeared first on Action Forex.

Key Highlights WTI Crude Oil prices are struggling to recover above the $70.00 resistance zone. A connecting bearish trend line is forming with resistance at $69.75 on the 4-hour chart. Gold prices could advance if there is a clear move above $2,700. EUR/USD must surpass 1.0700 to gain bullish momentum. WTI Crude Oil Price Technical […]

The post WTI Crude Oil Faces Resistance: Can Recovery Take Hold? appeared first on Action Forex.

Key Highlights EUR/USD started a recovery wave above the 1.0520 resistance zone. A key rising channel is forming with support near 1.0500 on the 4-hour chart. GBP/USD is attempting to recover above the 1.2750 resistance zone. Crude Oil prices are again moving lower and might decline below $66.50. EUR/USD Technical Analysis The Euro started a […]

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Key Highlights USD/JPY is consolidating losses above the 148.65 support zone. A key bearish trend line is forming with resistance at 151.40 on the 4-hour chart. EUR/USD could recover if it clears the 1.0620 resistance zone. Bitcoin breached the milestone level of $100,000 and traded to a new all-time high. USD/JPY Technical Analysis The US […]

The post USD/JPY Faces Challenges as NFP Report Looms Large appeared first on Action Forex.

Key Highlights Gold started a fresh increase above the $2,600 support. A connecting bullish trend line is forming with support at $2,630 on the 4-hour chart. Oil prices are struggling to recover above the $70.50 resistance. EUR/USD is consolidating losses near the 1.0520 level. Gold Price Technical Analysis Gold prices remained well-bid near the $2,600 […]

The post Gold Stabilizes at $2,650: Eyes on the Next Move appeared first on Action Forex.

Key Highlights Bitcoin price started a consolidation phase below the $100,000 zone. A connecting bearish trend line is forming with resistance at $97,500 on the 4-hour chart. Ethereum price seems to be facing hurdles near the $3,750 zone. XRP extended its surge toward $2.85 before correcting some points. Bitcoin Price Technical Analysis Bitcoin price made […]

The post Bitcoin Uphill Climb: Can The King of Crypto Break Through? appeared first on Action Forex.

Key Highlights EUR/USD started an upside correction from the 1.0335 zone. It cleared a connecting bearish trend line with resistance at 1.0520 on the 4-hour chart. USD/JPY is struggling and might drop below the 148.80 support. The US ISM Manufacturing Index could increase from 46.5 to 47.5 in Nov 2024. EUR/USD Technical Analysis The Euro […]

The post EUR/USD Turning Point: Will 1.0650 Unleash The Bulls? appeared first on Action Forex.

Key Highlights USD/JPY started an upside correction from the 150.50 zone. A major bearish trend line is forming with resistance at 152.50 on the 4-hour chart. EUR/USD is struggling to recover above the 1.0600 resistance. GBP/USD must settle above 1.2720 to start a decent increase. USD/JPY Technical Analysis The US Dollar started a major decline […]

The post USD/JPY Rebound May Stall: What Could Cap Gains? appeared first on Action Forex.

Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY declined heavily below the 153.50 and 152.00 support levels. GBP/USD Technical Analysis The British Pound found support near 1.2500 against […]

The post GBP/USD Eyes Comeback: How Long Can It Hold? appeared first on Action Forex.

Key Highlights WTI Crude Oil prices are struggling to clear the $71.20 resistance zone. A connecting bearish trend line is forming with resistance at $70.90 on the 4-hour chart. Bitcoin corrected gains and traded below the $95,000 support. The US GDP could grow 2.8% in Q3 2024 (Preliminary). WTI Crude Oil Price Technical Analysis WTI […]

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