Orbex - Forex Trading Library

Posted a DeMark 13 (exhaustion) count on the daily chart. Although the selloff passed the 261.8% extension of 1.3176 (from 1.4377-1.3918), we look for this to be a 5th wave extension (Elliott Wave)
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Daily Forex Market Preview, 22/06/2018 The Bank of England’s monetary policy meeting held yesterday saw officials keeping interest rates steady at 0.50% as widely expected. However, this came amid three dissenting votes including that of…
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Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12048 and the measured move target is 8695. Rallies have stalled and found sellers near 13200, resulting in a new trend line…
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Broken out of the wedge formation to the downside. This has a measured move target of 23460.
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Daily Forex Market Preview, 21/06/2018 The U.S. dollar was seen posting gains on Wednesday. Economic data was sparse. In the overnight trading session, New Zealand’s quarterly GDP numbers were reported. Data showed that New Zealand’s GDP…
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The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate…
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October 19th 1987, will forever be known as ‘Black Monday’ – or the day the stock markets crashed across the globe. By the end of October 1987, panic had spread and most markets went spiraling down by 20%. 32-year old Andy Krieger…
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As we advised early this week, Euro managed to head for another low below last week while market managed so far to hold trades above support 1.1510-20 As we advised before will expected another advance wave that may face 1.1645-60…
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Dow seems managed to find some ground support after market concern eases after the new tarrifs from US against china goods Market still facing resistance at 24880 and 25000 where as long as market holding Daily close below 25000 the…
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As we advised early this week and as we see over our previous chart Gold managed to hit below 1282 where market still looking to see the test for the Short-run support 1265-68 zone As long as market holding above this support another…
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