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Market Picture The cryptocurrency market hit record highs in terms of capitalisation, reaching $3.73 trillion at the start of active Asian trading and is sitting at $3.71 trillion at the time of writing. The market digested the overhang of pending selling in Bitcoin near psychologically important levels and continued to move higher. Bitcoin gained about […]

The post Bitcoin Has Overcome Selling Resistance appeared first on Action Forex.

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20/03/2024

EUR/USD Dips Again, USD/JPY Rallies Above 151

EUR/USD started another decline from the 1.0960 resistance. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0900 support zone. There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen. […]
10/12/2024

Japanese Yen Weakens as USD/JPY Climbs Amid BoJ Rate Hike Uncertainty

The USD/JPY pair reached a high of 151.07 on Tuesday, marking its highest level in a week. This movement is largely attributed to ongoing uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ). The market remains split on whether the BoJ will implement a rate increase in December […]
25/03/2024

EUR/USD At Risk of Downside Break To 1.0650

Key Highlights EUR/USD started a fresh decline from the 1.0950 resistance zone. It traded below a key contracting triangle with support at 1.0840 on the 4-hour chart. GBP/USD declined heavily below the 1.2750 support. Gold prices are consolidating gains above the $2,120 level. EUR/USD Technical Analysis The Euro failed to continue higher above the 1.0950 […]