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Market picture The cryptocurrency market has plunged 6% to a capitalisation of $2.08 trillion, its lowest level in nine days. Bitcoin is falling in line with the broader trend, while Ethereum and Solana are down 8.4% and 7.3%, respectively. Gold has also experienced an almost synchronised sell-off, losing around 1%, but equity markets remain generally […]

The post Faster Crypto Market Decline appeared first on Action Forex.

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13/12/2023

USDJPY Bulls Show Further Signs of Life

USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle today as it trades a tad below a strong support area. The bulls have managed to react to the sizeable […]

EURAUD Wave Analysis

EURAUD reversed from key support level 1.6300 Likely to rise to resistance level 1.6500 EURAUD currency pair recently reversed up from the key support level 1.6300 intersecting with the lower daily Bollinger Band and the support trendline of the weekly down channel from August. The upward reversal from the support level 1.6300 stopped the previous […]
25/03/2024

Bitcoin Price Recovered over the Weekend, But Market Anxiety Remains

From the point of view of technical analysis of BTC/USD, on Friday evening the price of Bitcoin was near the lower boundary of the ascending channel (shown in blue). This was alarming as it indicated that the market action could result in a weekly bearish candle forming with the price of BTC down by around […]