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Market Picture The cryptocurrency market added 2.2% in 24 hours to $2.66 trillion, with heavy buying in “older” altcoins. The Cryptocurrency Fear and Greed Index climbed to 80 – extreme greed – the highest since 27 March. Bitcoin added over 5% during the day on Monday, rising to $72.8K at its peak, about 1k below […]

The post Bitcoin Proves That It is Bull Market Now appeared first on Action Forex.

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EUR/USD: Holds in Extended Sideways Mode, Initial Negative Signals Developing on Daily Chart

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17/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: Stubborn Inflation Refuses to Back Down Market participants last week were keenly focused on inflation data from the US. The FOMC (Federal Open Market Committee) meeting of the Federal Reserve is scheduled for Wednesday, 20 March, and these figures will undoubtedly influence the Committee’s decision on interest rates. Federal Reserve Chairman Jerome Powell recently […]
07/05/2024

Gold Wave Analysis

Gold reversed from support zone Likely to rise to resistance level 2400.00 Gold recently reversed up from the support zone lying between the support level 2300.00, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March. The upward reversal from the support level 2300.00 stopped the previous intermediate ABC correction […]
29/11/2023

Overstretched

The US bonds extended their rally ladies and gentlemen, as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%’. The Chicago Fed […]