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As the BTC/USD chart indicates: → At the start of November, Bitcoin’s price was around the $70,000 level. → Today, a single coin is trading for approximately $92,000. On 12 November, when we last analysed Bitcoin’s price, we: → Highlighted factors driving bullish sentiment. → Identified a long-term ascending channel. → Predicted a potential correction […]

The post Bitcoin’s Price Has Risen by About 30% Since the Start of the Month appeared first on Action Forex.

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13/09/2024

Cliff Notes: Nerves Show on the Outlook

Key insights from the week that was. The September Westpac-MI Consumer Sentiment survey once again emphasised the deep pessimism entrenched among Australian households, with the headline index ticking down –0.5% to 84.6. Concerns over the economic outlook are starting to have more of an impact on consumers’ attitudes, the sub-indexes tracking views on the economy […]
16/09/2024

New Zealand Dollar Jumps as Services PMI Accelerates

The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing. NZ Services PMI improves New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the […]
03/01/2024

GBP/USD Dips Again, 200 SMA Is The Key To Fresh Increase

Key Highlights GBP/USD started a downside correction from the 1.2825 resistance. It traded below a key bullish trend line with support at 1.2715 on the 4-hour chart. EUR/USD also corrected lower below the 1.1020 support zone. The US ISM Manufacturing Index could increase slightly from 46.7 to 47.1 in Dec 2023. GBP/USD Technical Analysis The […]