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Market picture The crypto market settles at a $2 trillion cap level, up 0.8% on the day. Altcoins are once again driving growth, while the first coin is flat, losing 0.5% in 24 hours, and Ethereum is up 2.5%. BNB adds just under 2%, enjoying a resurgence of interest in cryptocurrency trading. XRP and Cardano […]

The post Ethereum as Crypto Growth Driver appeared first on Action Forex.

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USD/JPY: Bulls to Remain in Play While Holding Above Broken Fibo Barrier

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23/09/2024

EUR/USD Momentum Builds: Can It Go Higher?

Key Highlights EUR/USD started a fresh increase above the 1.1120 resistance. It cleared a major bearish trend line with resistance at 1.1135 on the 4-hour chart. GBP/USD extended gains and traded above 1.3300. Bitcoin climbed higher above the $62,500 and $63,200 resistance levels. EUR/USD Technical Analysis The Euro remained supported above the 1.1065 level against […]
07/03/2024

ETHUSD Storms to a Fresh 26-month Peak

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions. […]
14/12/2023

Hang Seng Index: Fed’s Dovish Pivot Provides a Temporary Breather

Short-term technical analysis suggests a potential countertrend rebound with intermediate resistance at 16,890. China’s top policymakers’ reluctance to focus on making domestic demand revival a top priority for 2024 is likely to put a damper on positive animal spirits in the long term. A focus on making high-tech industrialization a top policy may trigger more […]