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Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 trillion – its lowest in more than a week. The Cryptocurrency Fear and Greed Index fell to 75, also hitting […]

The post Bitcoin Tests $100K Again appeared first on Action Forex.

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21/08/2024

EURUSD: Break Out of Range or Pull Back?

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout is more likely than a pullback. Thanks to two bullish impulses since the beginning of July, EURUSD has moved from […]
02/04/2024

Oil Clears Way for Growth Above $90

Oil prices have been hitting five-month highs, and every trading session has been rising since 27 March. The price of a barrel of WTI reached $84.6 at the start of the day on Tuesday before retreating slightly by midday in Europe. To some extent, oil is managing to copy gold, which has also seen a […]
21/10/2024

AUD/USD and NZD/USD Could Recover In Short-Term

AUD/USD is attempting a recovery wave from 0.6660. NZD/USD could gain bullish momentum if there is a clear move above the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar. There was a break above a key bearish trend […]