Logo-color Logo-white

Market Picture Crypto market capitalisation declined more than 2% in 24 hours to $2.46 trillion. As was the case at the beginning of the week, the intraday dip below $2.40 trillion attracted buyers. As is often the case, an important resistance level became support. From around these levels, we saw the start of the rally […]

The post Crypto Market Has Returned to This Week’s Lows appeared first on Action Forex.

previous

Brent Crude Price Continues to Fall

next

USDJPY Reruns to Full Bearish Mode on Fresh Risk Aversion

Read More

30/07/2024

WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further potential weakness for WTI crude oil below US$80.30 key medium-term resistance. Since its high of US$84.74 printed on 5 […]
23/04/2024

FTSE100 Hits New Record High

FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day. Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising commodity prices contributed to strong advance of blue-chip stock index. Bullish daily studies support the action, but overbought conditions […]
22/07/2024

BTC/USD Analysis: Price Approaching Key Resistance

Analysing the long-term BTC/USD chart on 16th May, we created a “roadmap” for Bitcoin’s price, which looked like an expanding fan and consisted of a median line with support levels below it and resistance levels above it. Today, when analysing the BTC/USD chart, we will remove the fan lines to shift the focus to Bitcoin’s […]