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Key Highlights Ethereum found support near $3,100 and corrected some losses. ETH traded below a key bullish trend line with support at $3,680 on the daily chart. Bitcoin price must settle above $100,000 to start a fresh increase. XRP could gain bullish momentum if it clears the $2.50 resistance. Ethereum Technical Analysis Ethereum declined heavily […]

The post Ethereum Path To Fresh Increase: Are Bulls Running Out of Steam? appeared first on Action Forex.

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04/04/2024

EUR/USD Extends Gains as Euro Services PMIs Improve

The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%. The euro is up for a third straight day and has climbed 0.8% since Monday. Eurozone and German services PMIs accelerate Business activity improved across the eurozone in […]
08/07/2024

USDCAD Wave Analysis

USDCAD reversed from powerful support level 1.3620 Likely to rise to resistance level 1.3700 USDCAD currency pair just reversed up from the powerful support level 1.3620 (which has been steadily reversing the pair from the start of May). The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci […]
28/10/2024

Sunset Market Commentary

Markets Taking aside corporate news (Volkswagen, Boeing), this morning’s headlines still feature on news terminals. Brent crude fell from $76/b to $72/b after Israel shunned Iranian crude facilities with this weekend’s retaliatory strikes. JPY managed to erase part of the losses following snap parliamentary election results which terminated 15-years of LDP dominance as voters cut […]