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Market Picture The cryptocurrency market is moving up and down, experiencing increased volatility with swings between 2.0 and 2.15 trillion. These are very intense swings, reflecting the massive amounts of capital flowing through the market. The Cryptocurrency Fear and Greed Index is at 28 (fear), and on Saturday, it fell to 26, its lowest level […]

The post Crypto: Bears Trying to Break the Neck of Bull Trend appeared first on Action Forex.

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15/12/2023

After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit

Markets The ECB and the Bank of England yesterday as expected left their policy rates unchanged at respectively 4% and 5.25%. Contrary to the Fed they didn’t ratify aggressive rate cut bets yet. In its new staff projections, the ECB downwardly revised its path inflation for this year (5.4% from 5.6%) and next year (2.7% […]
23/08/2024

GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones

Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy positions after a pullback (with prior PAR* formation) above 1.3103 with TP1: […]
23/07/2024

AUDUSD Tumbles Below Key 0.6690 Zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the […]