Orbex - Forex Trading Library

The week ahead is expected to start somewhat slower compared to the previous week, as data on the economic calendar is rather limited. The RBNZ’s monetary policy meeting is due this week, which is likely to gather attention amid lack of…
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Looks be forming a bullish Ending Wedge formation. Bespoke resistance is located at the trend of lower highs at 1.1585. We expect strong resistance here. A break of this level and the wedge has a measured move of 1.1714
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Daily Forex Market Preview, 03/08/2018 The U.S. Dollar was seen trading rather firm on Thursday. Lack of economic news flow has shifted focus on the United Kingdom. The Bank of England hiked interest rates by 25 basis points as widely…
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The European Central Bank held its monetary policy meeting last week on Thursday. As widely expected, the central bank did not make any changes to its monetary policy, leaving interest rates and QE purchases unchanged. The base…
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The US non-farm payroll (NFP) report, published by the country’s Department of Labor, is possibly one of the most important factors affecting the US dollar. Given that the Greenback is the most traded currency in the world, forex traders…
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Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. Weekly:  Looks to be…
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Daily Forex Market Preview, 02/08/2018 The U.S. dollar strengthened as the Federal Reserve left the interest rates unchanged at its meeting yesterday, as expected. The central bank upgraded its U.S. economic growth to solid; underlining…
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Consumer prices in Australia were seen rising at a subdued pace in the last three months - ending June 2018. The data underpinned the fact that Australia's Central Bank could continue extending its rate pause for a third year. The annual…
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As we see over our previous chart Dow managed to break above 25250 which activated another advance wave as we advised before where managed to hit first target 25400 while still looking toward second target 25800 Above 25820 this wave…
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As we advised in the last 2 weeks and as we see over our previous chart Gold also managed to rebound aftre trumps tweet on rate hike where Gold managed to re-test resistance 1236-37 zone Short-Run outlook see main resistance at…
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