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Market Picture Cryptocurrency capitalisation has corrected 1.8% over the past 24 hours to $2.34 trillion. However, these figures reflect a partial recovery from earlier lows of around $2.27 trillion earlier in the day. For now, this appears to be a case of profit-taking during the upward trend, but it’s worth keeping an eye on the […]

The post Crypto Market Stumbles During Climb appeared first on Action Forex.

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23/01/2024

CADJPY Wave Analysis

CADJPY reversed from key resistance level 110.00 Likely to fall to support level 109.50 CADJPY currency pair recently reversed down from the key resistance level 110.00, which stopped the previous wave (B) in the middle of November, as can be seen below. The resistance level 110.00 was strengthened by the upper daily Bollinger Band. The […]
05/07/2024

Elliott Wave Expects EURUSD to Turn Higher

Short Term Elliott Wave in EURUSD suggests cycle from 4.16.2024 low is in progress as a 5 waves impulse. Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 as the 1 hour chart below shows. Pair has turned higher in wave 3. However, it still needs to break […]
19/09/2024

NZ First Impressions: GDP, June Quarter 2024

New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Quarterly change: -0.2% (last: +0.1%, Westpac f/c: -0.4%, market f/c: -0.4%, RBNZ -0.5%) Annual change: -0.5% (Last +0.3%, Westpac f/c […]