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Market Picture The cryptocurrency market has added 3.3% in the last 24 hours. The violent recovery from Monday’s kick-off crash has been losing traction for the past few hours. It seems that while the market has not gone into all-out sell-off mode, a reason for sustained buying is hard to find as threats of surprise […]

The post Crypto Market Rebounds But Faces Uncertain Growth appeared first on Action Forex.

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GBPAUD: Symmetrical Triangle

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12/01/2024

USDCAD Bears Show Up Near Key Resistance

USDCAD pauses rebound near key resistance trendline Market sentiment remains fragile below 1.3440 USDCAD could not climb into the 1.3400 zone despite the slight positive surprise in the US CPI inflation numbers on Thursday, staying below the ascending trendline drawn from November 22. The pair also seems to be trapped between the upper 2021 ascending […]
08/01/2025

How Far Will They Go? China’s Outlook for 2025

Highlights At the Central Economic Work Conference, authorities said all the right things, pledging to deploy fiscal and monetary stimulus to boost domestic demand and create the conditions to develop a consumer-driven economy. However, the strategy behind fiscal stimulus thus far bears an eerie resemblance to Japan’s in the 1990s after the bursting of the […]
06/02/2025

AUDNZD Technical Analysis

The Australian Dollar (AUD) is gaining strength against the US Dollar (USD), pushing AUDUSD higher after recently hitting its lowest level since April 2020. However, traders should be cautious, as key support sits at 0.6087, while resistance is near 0.6330. The US Dollar has weakened for three straight days, partly due to uncertainty around new […]