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Market Picture The second half of Monday proved to be for the bulls in cryptocurrencies, triggering a 3.5% rise in capitalisation over the last 24 hours to $1.61 trillion. Daily updates of all-time highs in US stock indices support the appetite for crypto. The Nasdaq100, which has previously had a pronounced impact on the cryptocurrency […]

The post Bulls Quickly Returned to Crypto appeared first on Action Forex.

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09/07/2024

Nasdaq 100 Index Wave Analysis

Nasdaq 100 rising inside impulse wave 3 Likely to test resistance level 20775.00 Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves (i) and i). The active impulse wave 3 belongs to the higher order upward impulse wave (3) […]
16/07/2024

Gold Regains Strength: Poised for Continued Gains?

Key Highlights Gold is gaining bullish momentum above the $2,400 support zone. A key bullish trend line is forming with support at $2,395 on the 4-hour chart. EUR/USD could continue to rise toward the 1.1000 resistance. Bitcoin recovered and broke the $64,000 resistance zone. Gold Price Technical Analysis Gold prices remained well-supported above the $2,350 […]
08/04/2024

Euro Edges Lower, German Industrial Production Jumps

The euro is calm at the start of the trading week. In the North American session, EUR/USD is trading at 1.0830, down 0.07%. German industrial production rises 2.1% Is the German economy coming out of a downswing? The week started on a positive note as industrial production jumped 2.1% y/y in February, up from a […]