Logo-color Logo-white

Market Picture The crypto market stumbled on the last day of October, losing over 5.5% in 24 hours as investors turned to profit-taking. The drop coincided with the stock market entering a period of high uncertainty ahead of a mix of influential events: the NFP on Friday, the US election results on Wednesday and the […]

The post Crypto Takes a Step Back, Ready for Volatility appeared first on Action Forex.

previous

AUDUSD Holds Near August Lows: US Dollar Pressure Remains Strong

next

US: Payrolls Disappoint in October, But Unemployment Rate Holds Steady at 4.1% 

Read More

11/04/2024

DAX Looking to Do Double Correction

Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. […]
13/12/2023

Crypto Continued Retreat

Market picture The total capitalisation of cryptocurrencies has declined by almost 2% to $1.54 trillion in the past 24 hours. This is still a move in the opposite direction relative to the US and European indices, which are rising. Given that the current year is marked by impressive growth in cryptocurrencies, profit-taking looks like a […]
30/07/2024

Elliott Wave Intraday Analysis: Dow Futures (YM) Resumes Bullish Trend

Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed […]