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Key Highlights Ethereum started a fresh surge above the $2,500 resistance zone. ETH price cleared a major bearish trend line with resistance near $2,680 on the daily chart. Bitcoin price extended gains and traded to a new record high above $88,000. Gold prices extended losses and traded below the $2,665 support. Ethereum Technical Analysis Ethereum […]

The post Ethereum Hints at Breakout: Can ETH Match Bitcoin’s Surge? appeared first on Action Forex.

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25/06/2024

GBP: A Correction May Be Imminent

During Monday’s session, the GBPJPY pair continued its uptrend, reaching a high of around 202.50, its highest level since 2007. Despite earlier attempts by sellers to push the pair down to 106.14, buyers regained control and drove the pair to new cycle highs. The Daily Relative Strength Index (RSI) at 68 suggests ongoing bullish momentum, […]
18/12/2023

Gold Retraces Lower after Hitting Crucial Ascending Trendline

Gold manages to halt the pullback from its recent record high But rebound meets strong resistance at important ascending trendline Momentum indicators suggest that positive momentum is fading Gold had been in a steep uptrend since November 10, recording a fresh all-time high of 2,144 before experiencing a solid correction. Although the bulls attempted to erase this […]
01/10/2024

Intraday Elliott Wave View Favors More Downside in USDJPY

Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which […]