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Cryptos benefit from the improved risk sentiment Ethereum is trading above the 50-day SMA Momentum indicators remain bullish Ethereum is recording a green session today, recovering its mid-week weakness and testing the resistance set by the 2,667 level. The improved risk sentiment in equity markets has boosted demand for cryptocurrencies, helping ethereum to quickly bounce […]

The post Ethereum Hovers in 2,650 Area appeared first on Action Forex.

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21/05/2024

EURJPY Shows Appetite for Retesting 40-Year High

EURJPY holds well above uptrend line RSI stands near 70 level Next target at multi-year peak EURJPY is rallying sharply higher after the strong bounce off the 164.00 support level and the medium-term ascending trend line. The pair is heading towards the previous 40-year high of 171.56 with the technical oscillators confirming the buying interest. […]
05/06/2024

NZDCAD Wave Analysis

NZDCAD broke resistance level 0.8400 Likely to rise to resistance level 0.8500 NZDCAD currency pair recently broke strong resistance level 0.8400 (which previously reversed the pair multiple time sin November and December). The breakout of the resistance level 0.8400 accelerated the active impulse wave 3, which belongs to the higher order impulse wave (C) from […]
07/03/2024

Crude Oil Price Aims Higher As Dollar Takes Hit

Key Highlights Crude oil bulls are eyeing an upside break above the $81.00 resistance. A major bullish trend line is forming with support at $78.40 on the 4-hour chart. Gold prices extended gains above the $2,032 resistance. Bitcoin trimmed most losses and could extend its increase above $70,000. Crude Oil Price Technical Analysis After struggling […]