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Ethereum pulls back from recent multi-month high Generates a structure of lower highs and higher lows Momentum indicators suggest that buying interest is fading ETHUSD (Ethereum) experienced a strong rally since late October, which propelled the price to 2,136, its highest level since April. However, in the past few weeks, the leading altcoin has been trading […]

The post ETHUSD set for a breakout move appeared first on Action Forex.

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21/03/2024

AUDUSD Advances Sharply in the FOMC Aftermath

AUDUSD was in a steady retreat since early March But finds feet and reclaims both SMAs after dovish FOMC Momentum indicators improve drastically AUDUSD had been losing ground since the beginning of March, dropping below its descending 50- and 200-day simple moving averages (SMAs). However, the pair managed to pause its retreat and reverse back higher with […]
26/05/2024

Forex and Cryptocurrency Forecast

EUR/USD: The Battle of Europe and US PMIs Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from […]
15/03/2024

Week Ahead – Five Central Banks: Who Will Hike, Who Will Not Cut?

Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: […]