Orbex - Forex Trading Library

As we advised early this week on Monday report USDJPY managed to head for fast drop movement as market kept trades below 113.30-70 which this drop was driven by Donald Trump tweet about rate hike Market managed to test support uptrend…
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British pound managed to test support 1.3070-80 last Monday where managed to advance and closed today from target 1.3250 As we see over the chart the downtrend line is around 1.3230-50 now while as long as market holding above 1.3150 the…
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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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