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Market Picture The crypto market lost 1.7% of its cap in 24 hours to $2.24 trillion. The market is correcting as Trump’s chances of winning national polls diminish ahead of the election. For now, it looks like a de-risking ahead of an important event where both major candidates have roughly equal chances of winning. The […]

The post As Bitcoin Retreats from the Top, Ethereum Moves to the Bottom appeared first on Action Forex.

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15/03/2024

Gold Price Rally Takes Break, Crude Oil Price Surges

Gold price rallied above $2,180 before correcting lower. Crude oil price is rising and it could climb further higher toward the $82 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $2,200 resistance and corrected lower against the US Dollar. A key bearish trend line is forming with […]
03/04/2024

US 500 Index Retreats from Record High

US 500 faces downside pressures for the second consecutive day More weakness possible, but key support levels are nearby The US 500 stock index (cash) opened negative on Tuesday, strengthening its negative momentum towards its 20-day exponential moving average (EMA), which has been buffering downside movements since the start of the year, around 5,185. With […]
17/07/2024

EURJPY Wave Analysis

EURJPY reversed from pivotal support level 171.35 Likely to rise to resistance level 175.40 EURJPY currency pair recently reversed up from the pivotal support level 171.35, which has been reversing the price from the end of April. The support level 171.35 was strengthened by the nearby 50 % Fibonacci correction of the previous sharp upward […]