Orbex - Forex Trading Library

As we advised early this week Euro managed to test resistance zone 1.1740-60 where so far market still holding below where managed to hit first Intraday target 1.1670 as we advised last Monday Market closing from ECB rate decision and…
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AUDJPY – Potential Head and Shoulders forming Weekly: Trading within a Bearish Channel formation. A sequence of weekly lower lows and highs has been posted. Preferred trade is to sell into rallies. Expect trading to remain mixed and…
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Daily Forex Market Preview, 26/07/2018 The euro currency posted gains toward the close of business on Wednesday. The gains came after the U.S. and the Eurozone reached an agreement on industrial tariffs. The agreement came as the U.S.…
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Employment in Australia was seen rising sharply in the month of June. The increase in the employment came as businesses were seen taking on more full-time workers. Offsetting the gains in the employment, the Australian unemployment rate…
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Risk-off period appears to be making an impact on the charts and on the price action movements. With the “VIX Spike & US Indices – Bears Territory” article, a scenario out of the ordinary was explained and then backed-up with charts…
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Technical EURJPY – Further upside is likely following the break of a bearish channel Weekly: The medium-term bias remains bullish. Dips continue to attract buyers. A sequence of weekly higher highs and lows has been posted. The next…
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Volatility is what drives the forex markets. The higher the volatility, the more room there is for traders to earn profits. And, one of the biggest events over the past couple of years to have affected the forex markets has been the Brexit…
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Daily Forex Market Preview, 25/07/2018 The U.S. dollar was seen trading rather mixed on Tuesday. Economic data was sparse. The commodity-linked currencies got a boost after reports of China’s new spending plans were released. In the…
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The economic data over the week was supportive of the fact that the U.S. economy may have advanced at a strong pace in the second quarter of the year. Reports over the week included the retail sales figures and industrial production…
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