Logo-color Logo-white

Market picture The crypto market lost 4% in 24 hours, falling to a capitalisation of $2.53 trillion. Bitcoin (-3.7%), Ethereum (-4.5%) and BNB (-3.5%) are all down by the same amount. Solana (-6.4%) and Doge (-7.9%) are lagging the market, not to mention the systematically weak Avalanche (-7% for the day and -17% for 7 […]

The post Consolidation Not Going According to Plan appeared first on Action Forex.

previous

EURJPY Pulls Back Towards Crucial Trendline

next

Dollar Strengthens Following Positive Manufacturing Data

Read More

19/03/2024

GBPUSD Retreats Towards 50-day SMA

GBPUSD generates fresh 2024 peak But declines sharply towards the 50-day SMA Momentum indicators weaken significantly GBPUSD has been stuck in a rangebound pattern since mid-November, unable to adopt a clear directional impetus. Although the pair exploded higher and posted a fresh seven-month high after conquering the 50-day simple moving average (SMA), it quickly reversed back within […]
02/02/2024

ISM Shows Contraction in U.S. Manufacturing Sector Slowed in January

The ISM Manufacturing Index ticked up to 49.1 in January, handily beating the 47.2 level markets had expected. Four industries reported growth in January, up from one in December. The new orders sub-index flipped to growth, rising 5.5 percentage points (pp) to 52.5. Unfortunately, the contraction in new export orders deepened as the index tumbled […]
16/07/2024

Bitcoin and Ethereum Test 50-Day MAs

Market Picture The crypto market has rallied nearly 2% over the past 24 hours to a $2.34 trillion cap, with the slippage at the start of the day pushing the figure to $2.38 trillion, a level last seen on June 20th. Bitcoin and Ethereum are testing their 50-day moving averages on Tuesday after retreating from […]