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Market Picture The crypto market cap rose by 1.4% to $2.31 trillion. Cryptocurrencies and equities are now out of sync (there was profit-taking in equities), but they maintain a general upward bias. The crypto market is forming an uptrend, which will be confirmed if local highs exceed the previous high of $2.32 trillion. Bitcoin received […]

The post Crypto Market Trying to Form an Uptrend appeared first on Action Forex.

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EUR/USD Continues Downward Amid Economic Uncertainties

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17/09/2024

EURJPY Seems to Have Found a Floor

EURJPY rebounds off 155.15 Immediate resistance at downtrend line RSI and MACD look negative EURJPY held losses for the second week in a row, dropping towards the 155.15 support, which stands slightly above the more-than-seven-month low. Technically, the price could lose some ground in the short term as the RSI is changing direction to the […]
11/11/2024

XAU/USD Outlook: Gold Holds in Red as Markets Await Fresh Signals from US Inflation Data

Gold remains at the back foot and stays in red for the second day on firmer dollar and also pressured by eased US political uncertainty, which recently fueled safe haven demand, along with geopolitics and expectations for stronger Fed rate cuts. New circumstances after Trump’s victory point to measures which will boost economic growth and […]
03/03/2024

Time to Take a Closer Look at Altcoins?

Market picture The cryptocurrency market has corrected by 2%, dropping below $2.3 trillion in market capitalisation. Now, this looks like a technical correction, with the biggest coins pulling back from Thursday night’s highs and holding their positions at the start of Friday’s trading. Bitcoin and Ether are drawing their seventh consecutive daily growth candle, albeit […]