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Market picture The crypto market avoided sharp moves on Tuesday, showing low volatility over the 24 hours and remaining near $2.3 trillion. The Crypto Fear and Greed Index added 2 points to 67 (greed) by Wednesday. Bitcoin’s share of the entire crypto market capitalisation exceeded 54%, maintaining its upward trend since December 2022. This is […]

The post Bitcoin and Ethereum in Eye of Storm? appeared first on Action Forex.

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10/07/2024

USDJPY Wave Analysis

USDJPY reversed from the key support level 160.00 Likely to rise to the resistance level 162.00 USDJPY currency pair recently reversed up from the key support level 160.00 (former resistance from April, which stopped the previous impulse wave (1)). The upward reversal from the support level 160.00 started the active minor impulse wave v, which […]
17/08/2024

The Weekly Bottom Line

U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during next week’s Jackson Hole Symposium will headline the week. Canadian Highlights Bad news for Canada’s […]
12/03/2024

EUR/USD Turns Green But Can Bulls Protect This Support

Key Highlights EUR/USD started a decent increase above the 1.0880 resistance. A key bullish trend line is forming with support at 1.0910 on the 4-hour chart. Gold prices rallied above the $2,180 resistance zone. The US Consumer Price Index could be 3.1% in Feb 2024 (YoY). EUR/USD Technical Analysis The Euro started a fresh increase […]