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Cryptocurrencies benefit from Trump’s win Ethereum finds resistance at the 200-day SMA Momentum indicators confirm the bullish pressure Ethereum has been benefiting from the outcome of the US presidential election by recording strong gains and returning above the 2,810 area for the first time since early August. It managed to overcome some key levels on […]

The post Ethereum Rally Stops At Key Resistance Level appeared first on Action Forex.

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USDCAD Retains Bullish Bias Above 20-day SMA

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05/01/2024

NZD/JPY Price Analysis: Rises Sharply and Shifts Bullish After Reclaiming 90.00

NZD/JPY’s 0.70% surge driven by Japanese Yen’s broad weakness, indicating a bullish turn above the Ichimoku cloud. Upcoming resistance challenges include cycle high at 90.43 and the key 91.00 psychological level. Bears could regain ground, targeting supports at Kumo’s top, the Kijun-Sen, and Kumo’s bottom. The NZD/JPY soared sharply and posted gains of more than […]
25/03/2024

Weekly Focus – Historical Central Bank Week: A Hike and A Cut in G10

The past week will go down in history as the Bank of Japan (BoJ) hiked the policy rate for the first time in 17 years while the Swiss National Bank (SNB) cut its rate, becoming the first G10 central bank to do so in the current cycle. The BoJ decided to set the overnight call […]
09/08/2024

EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High

EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However, completion of pattern requires violation of pivotal Fibo support at 0.8532 (38.2% of 0.8362/0.8624) […]