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Market Picture Market capitalisation has changed little over the last day, hovering around the $3.42 trillion mark. Cryptocurrencies prefer not to notice positive stock market movements as they are related to tariffs and company reports, not money supply. In addition, the dollar’s exchange rate is rising for the third day. The day before, Bitcoin retreated […]

The post Ethereum Accelerates as Bitcoin Consolidates appeared first on Action Forex.

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04/10/2024

Cliff Notes: Policy’s Impact Being Felt

Key insights from the week that was. In Australia, the week began with the Federal Government’s announcement of a better-than-expected final budget outcome for 2023/24, a second consecutive surplus of $15.8bn. Relative to May’s estimates, the outcome was driven mostly by fewer payments, associated with delays in outflows to states and other programs, although receipts […]
22/02/2024

S&P 500 (US500): Consolidates in Buying Zone. Watch for a Surge Towards 5000 Intraday

Bullish Scenario: Buying above 4980 with TP1: 4993, TP2: 5005, and TP3: 5014 (Intraday levels). TP (Swing Trading): 5031.90, 5045.66, and 5054. It is recommended to set a stop loss (S.L.) below 4965 or at least 1% of the account capital**. Bearish Scenario: Selling below 4960 with TP1: 4935, TP2: 0.6487, and TP3: 4924 (Intraday […]
11/03/2025

Natural Gas Reacted Strongly From The Blue Box Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 31 January 2025 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to […]