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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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23/09/2024

Analysts Predict Bitcoin’s Price Will Rise to an All-Time High This Year

As reported by CNBC, Jeff Kendrick from Standard Chartered Bank forecasts that, against the backdrop of the Federal Reserve lowering interest rates, the BTC/USD exchange rate will reach an all-time high by the end of 2024: → up to $125,000 if Trump wins, who publicly expressed support for the cryptocurrency sector this summer. → up […]
03/01/2024

Technical Outlook and Review

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False Alert with Yen Interventions?

Even though the Bank of Japan left the key rate and parameters of the QE programme unchanged, the central bank’s inaction increased the pressure on the national currency. This resulted in USDJPY reaching 156.80 and EURJPY reaching 2007–2008 levels, which started a sharp decline due to the global financial crisis and related deleveraging. USDJPY has […]