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Market Picture The crypto market cap fell to $2.88 trillion, down 5% over the day. It appears that the market has started to take profits after a week of rallying. The first target for such a pullback appears to be the March-June resistance area around $2.70 trillion. However, we are optimistic that the market may […]

The post Crypto Market Locks in Weekly Rally appeared first on Action Forex.

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US: Inflation Progress Grinds to a Halt in October 

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06/12/2024

USDCAD Battles for Direction Within Triangle

USDCAD stays on the sidelines ahead of November’s jobs data Bearish pressures likely but sellers need a close below 1.4000 USDCAD is currently treading water, caught in a neutral symmetrical triangle at the top of the two-month-old uptrend as traders are holding their breath ahead of the release of key U.S. and Canadian jobs data. The technical […]
24/06/2024

BTCUSD Elliott Wave : Forecasting the Decline Toward New Lows

In this technical article we’re going to take a quick look at the Elliott Wave charts of Bitcoin BTCUSD , published in members area of the website. As our members know, Bitcoin is doing a correction against the 56510 low, which is unfolding as a Flat pattern. Now, the crypto is showing impulsive sequences in […]
04/05/2024

Weekly Economic & Financial Commentary: Yen Falls to 34-Year Low, Prompting Possible BoJ Intervention

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