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Market picture The capitalisation of the crypto market over the past 24 hours has added only 0.15% to $2.44 trillion. Crypto sentiment indices remain in the ‘greed’ territory, scoring 71 points, compared to 73 points the day before. Bitcoin added about a quarter of a percent during the day, reaching $66.5K. Early on Tuesday morning, […]

The post Bitcoin Awaits Signal from Equity Indices appeared first on Action Forex.

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19/07/2024

AUD/USD: On Track for Biggest Weekly Drop Since Mid-April

Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily close below daily Kijun-sen (0.6691), to reinforce bearish signal. Daily studies are weakening (fading […]
21/11/2024

Analysis of XAU/USD: Gold Price Rises by 5% in a Week

As shown in the XAU/USD chart, last Thursday, the price of gold dropped below $2,540. Today, however, the precious metal has surged above $2,660 per ounce. The more than 5% weekly increase was driven by a new wave of international tensions, particularly the escalation surrounding the approval for Ukraine to use Western long-range weapons for […]
06/06/2024

Crypto Takes its Time

Market picture The cryptocurrency market decided to storm the local highs set almost two months ago. However, the growth has not yet developed, and some players rushed to fix profits quickly despite the positive sentiment in the US stock markets. Bitcoin is trading near $71K, where it was a day ago, but Ethereum (+1%) has […]