Orbex - Forex Trading Library

Technical Weekly: Price action has once again failed to capture and hold ground above the 23000 level. A shooting star candle has been posted and further negative price action looks to confirm a rejection. The upward trending support…
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The U.S. economic growth was seen rising sharply during the second quarter of the year, which was more than previously estimated. The gains came despite a modest decline in a key measure of the corporate profits compared to the previous…
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The simple moving average (SMA) is probably the most basic MT4 indicator that FX traders have, but as previously discussed, it has a lot of uses. Partially because of this, it’s one of the most universal indicators, and as such becomes…
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British Pound managed to head for the drop correction as we advised last week while managed to open on gap price affected by Brexit talk Pound now closing from second target 1.2800 zone while as we see over the chart as long as market…
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Euro managed to sustain drop movement as we advised last week while market mnaged to met target 1.1530-50 As we see over the chart, Euro facing support zone at 1.1500-30 which may provide chance for rebound correction toward 1.1640-60…
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As we advised last week and as we see over our previous chart Dow managed to met Short-Run target 26100-200 Market may start to build downtrend wave from this zone where support laying at 25800 and 25600 Above 26200 market may add…
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gold managed to hit below 1195 support which may affec market with trading zone between support 1180-85 and resistance 1200-05 Below 1180 market may add more drop pressure to visit the old support 1160 Support Resistance…
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Crude oil managed to break above 70.50 which may hold an uptrend wave inside trading zone formation between 68.70-69.00 support and 71.60 and 72.20 resistances Below 68.70 market may add more drop toward 66.30 support while Below this…
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We still holding same view over USDJPY as we advised last week Market still showing chance for another try to test 110.10-30 support zone before market head from there toward another advance to test 112.00-15 zone Below 109.75 more…
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Technical Weekly: Previous support level of 1.3000 broken. The sequence for trading is higher highs and lows. Posted a Bullish Hammer Bottom on the Weekly chart. We look for a re-test of the downward trending support Daily: Broken out…
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