Orbex - Forex Trading Library

Oil 35.79 Market is seen to have traveled sideways but slightly under the resistance levels of 35.89 with very close proximity of the target for D point at 14.35. Market does look like it favors a trend continuing move downwards…
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USD/JPY 121.07 Market maybe trying to rebound from an approaching Support zone of the 121.05 area Market does look like it favors a short term downwards move as a correction to its current trend before making a continuation of its…
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GBP/USD 1.4886 Market maybe trying to rebound from an approaching Support zone of 1.4904 -1.4844. Market does look like it favors a short term downwards move as a continuation of its current trend before making a corrective move…
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EUR/USD 1.0924 Having major event risks like the Fed’s and ECB’s decisions behind us now, the EUR/USD is expected to trade sideways into year-end since the economic data calendar is seen to hint a ‘lighter’ tone to market sentiments.…
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EURUSD (1.09): EURUSD remains bearish below the resistance of 1.1 - 1.0977. Failure to post a convincing close above this resistance level has seen prices consolidate into a rising wedge followed by a breakout to the downside. EURUSD's…
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Markets trade sideways on a holiday thin trading week New Zealand Credit Card spending y/y 8.50% vs. 7.80% previously Japan all industries activity m/m 1.0% vs. 0.90% German Producer price index m/m -0.20% vs. -0.20% UK CBI…
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The ANZ business confidence index released last week muted the NZD/USD trend, keeping it in a narrow range sideways at the end of the week. The reading came in 23, surpassing the prior tick of 14.6. Also, ANZ's activity outlook turned out…
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The New Zealand Dollar was the top performing currency last week closing with gains of 0.20%. The Kiwi came out tops with not much of fundamentals going in its favor. While most of the commodity risk currencies came under pressure last…
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DOW .. (DJ_5H) 17285 Market managed to rebound toward our target zone 17800-900 while fell fast from that zone market still holding support zone at 17050 where as long as market holding above expect the uptrend wave to sustain…
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XAUUSD 1057 market managed to fell below support line of the downtrend channel where support still at 1046-48 as long as market holding trades below 1062 the downtrend pressure will sustain toward 1030 above 1062 market will…
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