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Markets With few data in Europe or the US, markets continued to be haunted by headlines on the war in Ukraine, even as the impact wasn’t unequivocal across markets. Ukraine reporting that Russia used an Intercontinental Ballistic missile for the first time only added to fears on a further escalation. European equites and yields nosedived. […]

The post Sunset Market Commentary appeared first on Action Forex.

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GBPCAD Wave Analysis

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19/12/2023

GBPUSD Attempts to Recoup Some Losses

GBPUSD maintains weak bias in near term Falls from 4-month high MACD and RSI suggest horizontal move GBPUSD climbed to a new four-month high in the previous week, but it reversed lower again, falling beneath the 61.8% Fibonacci retracement level of the down leg from 1.3140 to 1.2035 at 1.2720. The next major support level […]
03/05/2024

Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom

Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation bottomed near $2.10 trillion, confirming a sequence of declining local lows (2.3 in March, 2.25 in April) and highs (2.76 in mid-March, 2.67 in early April and 2.46 in late April). Ethereum and Solana are adding from the area of […]
17/09/2024

Crude Oil Prices Recovery Begins: Can It Sustain?

Key Highlights Crude oil prices started a recovery wave from the $65.50 support. A major bearish trend line is forming with resistance at $72.50 on the 4-hour chart. Gold consolidated gains after trading to a new all-time high above $2,580. EUR/USD regained traction for a move above the 1.1100 level. Crude Oil Price Technical Analysis […]