Logo-color Logo-white

Market Picture The crypto market rose 2.3% in 24 hours to reach a cap of $2.07 trillion, growing steadily throughout Monday. However, cautious Asian market dynamics on Tuesday morning have interrupted the recovery near levels seen late last week. This recovery has yet to improve sentiment, with the index remaining at 26 for the third […]

The post Wary Crypto Market appeared first on Action Forex.

previous

Short Term Elliott Wave Sequence in GBPJPY Calling Further Upside

next

US: Manufacturing Index Shows Contraction Eextends into August 

Read More

05/07/2024

Elliott Wave Expects EURUSD to Turn Higher

Short Term Elliott Wave in EURUSD suggests cycle from 4.16.2024 low is in progress as a 5 waves impulse. Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 as the 1 hour chart below shows. Pair has turned higher in wave 3. However, it still needs to break […]
18/06/2024

Crypto Continues Its Retreat

Market picture In 24 hours, crypto capitalisation fell 2.2% to $2.36 trillion. Bitcoin’s relatively moderate 1% decline contrasts with a much deeper dive in altcoins. Ethereum fell 3.3%, Solana plunged 7.8%, and Dogecoin dropped 9.2%. The main momentum of the decline came in early Asian trading, and at the time of writing, the crypto market […]
24/10/2024

GBP/USD Technical: Bounce off Key Confluence Level Post PMI, Further Gains in Store?

GBP/USD saw a bounce despite weak UK PMI data, attributed to US Dollar weakness. The Bank of England may consider interest rate cuts due to slowing inflation, potentially weakening the Pound Sterling. GBP/USD technical analysis shows potential for a bullish bounce, but a break below the trendline could lead to a larger correction. Cable has […]