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Market picture Crypto market capitalisation returned to the $3 trillion area towards the end of the week ahead of the first crypto summit in the Oval Office. In the short term, buyers on downturns were strong enough to buy back two powerful selloffs. However, an important test of the previous support level at $3.15 trillion […]

The post Crypto Recovers, But Rally Lacks Excitement appeared first on Action Forex.

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22/10/2024

EURSUD Wave Analysis

EURSUD reversed from resistance level 1.0875 Likely to fall to support level 1.0800 EURSUD currency pair recently reversed down from the key resistance level 1.0875 (former support from the start of August) standing near the 38.2% Fibonacci correction of the downward impulse from the start of this month. The downward reversal from the resistance level […]
04/10/2024

Intraday Elliott Wave View on Gold (XAUUSD) Looking to Resume Bullish Trend

Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 2654.68 and wave (b) rally ended at 2677.86. The metal extended lower […]
14/10/2024

NZ Dollar Under Pressure as Services Data Disappoints

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI contracts for seventh straight month New Zealand’s economy has been struggling, and a key factor has been the contraction in the services sector. The services PMI remained steady in September at 45.7 following an […]