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Market picture The crypto market cap has fallen back below $2 trillion, accelerating its decline and losing over 8%, while many altcoins have suffered double-digit losses within the last 24 hours. Bitcoin pulled back to $54.7K, losing around 6.5% since the start of the day and hitting a low of $53.3K. The 200-day moving average […]

The post Terrifying Crypto Sell-off appeared first on Action Forex.

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24/05/2024

WTI Crude Oil Opens the Way for Bearish Actions

WTI drops below diagonal line 20- and 200-day SMAs post death cross RSI flattens and Stochastics hold in oversold region WTI crude oil with delivery in July is plummeting from the 80.00 level, which is acting as a strong resistance obstacle as well as the 200-day simple moving average (SMA). The commodity slipped beneath the […]
03/04/2024

Gold Hits Record High; Silver Peaks on Fed Rate Cut Speculation

Gold prices have soared to an all-time high of 2288.00 USD per troy ounce, while silver reached its highest in two years, driven by speculation surrounding the US Federal Reserve’s monetary policy. This surge followed comments from two Fed officials, Mary Daly of the FRB San Francisco and Loretta J. Mester of Cleveland. Both anticipate […]
25/04/2024

EURJPY Wave Analysis

EURJPY under bullish pressure Likely to rise to resistance level 167.00 EURJPY currency pair under the bullish pressure after the price broke through the key resistance level 165.00, which has been reversing the price from March. The breakout of the resistance level 165.00 accelerated the active impulse waves iii, 3 and (5). Give the strength […]