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EUR/USD: The Dollar Weakness Puzzle What transpired with the EUR/USD pair last week? It behaved as expected on Monday, 01 April. However, starting from Tuesday, the situation deviated. Let’s delve into the details. On the first day of April, data on business activity in the US industrial sector from the ISM for March showed the […]

The post Forex and Cryptocurrency Forecast appeared first on Action Forex.

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12/03/2024

NZDUSD Wave Analysis

NZDUSD reversed from resistance level 0.6200 Likely to fall to support level 0.6080 NZDUSD currency pair today reversed down from the resistance level 0.6200 (which stopped the previous minor ABC correction 2 in the middle of February) intersecting with the 50% Fibonacci correction of the downward impulse 1 from January. The downward reversal from the […]
07/06/2024

US Dollar Index Needs to Hold Above 104

US dollar index pauses downleg near important support trendline Technical signals are uncertain; sellers wait below 104 The US dollar index is trading at an attractive level around the protective trendline that joins the lows from December 2023 and March 2024 near 104.00. The index could enter a new bullish phase, though the technical outlook […]
06/12/2023

Bitcoin and Ether Reach New Heights. Where is the Stopping Point?

Market picture The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day, 11% in a week and 20% in 30 days. The acceleration in recent days is evident, which may […]