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Market Picture The cryptocurrency market took a hit on Tuesday as strong US data brought speculation of tighter monetary policy back into play. As a result, crypto market capitalisation lost over 6.2% in 24 hours by the start of active trading in Europe on Wednesday. US President-elect Trump continues with his passages about Canada as […]

The post Crypto Stumbles on the Upswing appeared first on Action Forex.

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Gold (XAUUSD): Elliott Wave Analysis Predicts the Decline from Extreme Zone

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04/03/2024

Gold Technical: On the Cusp of a Potential Major Bullish Breakout

Gold (XAU/USD) recorded its highest weekly gain of 2.33% year-to-date on 1 March 2024, and its best weekly return seen in the past three months. Positive technical elements and a softer real US 10-year Treasury yield below 2.15% support a potential major bullish breakout scenario for Gold (XAU/USD). Gold (XAU/USD) potential bullish breakout trigger level […]
17/06/2024

Gold’s Rise Might be a Trap

Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, gold has twice pushed off support at $2300, where the round price level and the 76.4% retracement level from the […]
18/10/2024

USD/JPY Set for More Gains: Is The Uptrend Here To Stay?

Key Highlights USD/JPY remained in a positive zone above the 148.50 support zone. A short-term bullish trend line is forming with support at 149.25 on the 4-hour chart. EUR/USD declined heavily and traded below the 1.0840 support. Oil prices are at risk of more downsides below the $69.75 support. USD/JPY Technical Analysis The US Dollar […]