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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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20/02/2024

Is the US 100 Cash Index Close to a Correction?

US 100 index is in red today, testing the support set by a key trendline It remains a tad below its all-time high as the market looks for new bullish catalysts Stochastic oscillator is trying to send a bearish message The US 100 cash index is lower today, testing the support set by the October 26, […]
29/07/2024

USD/JPY Technical: Potential Mean Reversion Rebound in Progress Above 200-day MA

Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside trigger of 154.10 on the USD/JPY. The price actions of the […]
29/02/2024

Canadian Dollar Hits 10-Week Low Ahead of GDP

The Canadian dollar is drifting on Thursday. In the European session, USD/CAD is trading at 1.3585, down 0.06%. A day earlier, the Canadian dollar dropped below 1.3600 for the first time since March 13. Canada’s GDP expected to expand by 0.8% Canada releases the fourth quarter GDP report later today with a market estimate of […]