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Market picture The crypto market added 1% in 24 hours to $2.4 trillion, supported by positive momentum in Bitcoin (+0.9%) and interest in Ethereum (+2%). Top altcoins are mostly adding to the levels of the day before except for falling Solana (-1.6%), but it too has been rising over the last hours. Toncoin is adding […]

The post Ethereum and Solana Get Support appeared first on Action Forex.

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30/05/2024

Sunset Market Commentary

Markets The two-day sell-off on core bond markets slightly went into reverse today. A downward revision to US Q1 price deflators (core PCE 3.6% Q/Q from 3.7%) and Q1 personal consumption (2% Q/Q from 2.5%) triggered the leap higher in which US Treasuries outperform German Bunds. Weekly jobless claims continue to hover near extremely low […]
22/03/2024

GBPCAD Wave Analysis

GBPCAD broke support level 1.7200 Likely to fall to support level 1.7070 GBPCAD currency pair continues to fall after recently breaking the support level 1.7200 (former monthly high from February, which has been reversing the pair from last month). The breakout of the support level 1.7200 accelerated the active short-term impulse wave c. Given very […]
30/07/2024

AUD/USD Outlook: Holds in Extended Consolidation Above Strong Supports

AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days. Bears are taking a breather on stretched daily studies, but remain in play (strong negative momentum, MA’s in full bearish configuration and creating a […]