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Market picture The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks. Bitcoin underwent a sell-off on Wednesday afternoon from the upper end of an upward range above $38.4K. Countless times, […]

The post Crypto Market: Another Pullback Within the Framework of Growth appeared first on Action Forex.

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10/04/2024

NZD/USD Signals Breakout, US CPI Report Next

Key Highlights NZD/USD is attempting a fresh increase above the 0.6000 resistance zone. It broke a major bearish trend line with resistance at 0.5990 on the 4-hour chart. Gold prices remain elevated ahead of the US CPI release and FOMC meeting minutes. The US CPI could increase by 3.4% in March 2024 (YoY). NZD/USD Technical […]
30/04/2024

Will AUDUSD Exit the Range Again?

AUDUSD comes under selling interest this week But stays within sideways range A break below 0.6485 may turn the outlook bearish For the picture to brighten, a move above 0.6615 may be needed AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575 barrier.  In the bigger picture, the pair is trading back […]
15/01/2024

GBP/USD Eyes UK Wage Growth

UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at 1.2725, down 0.21%. Wage growth expected to continue falling The UK will release employment data on Tuesday and the spotlight […]