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Market picture The crypto market correction continues to deepen, although there have been some signs of stabilisation since the start of the day on Wednesday. The decline has continued for a whole week, reducing the market cap by almost 15%. The total cap was down to $2.28 trillion on Wednesday morning, rising to $2.35 trillion […]

The post Bitcoin and Ethereum Seek Support appeared first on Action Forex.

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27/12/2023

EUR/USD Extends Rally While USD/JPY Revisits Support

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]
18/12/2023

EUR/USD Tops Again But Can This Key Support Hold?

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]
23/10/2024

Yen Slides as IMF Cuts Japan’s Growth Estimate

The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in October. IMF slashes Japan’s growth forecast The International Monetary Fund slashed its 2024 growth forecast for Japan to […]