Orbex - Forex Trading Library

DOW .. (DJ_5z) 16770s Dow Jones still trading in high volatility range, the market in a reversal to upward mode .We do expect the levels of 16000s would hold on the short-term and a re-test for the resistance 17000 are expected.…
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XAUUSD 1149 Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying pressure…
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Oil (CL_5X) 49.37 Failure descending triangle, the price is failed to break triangle to downward. However, the market confirmed for breakout of that pattern and break 49 level. Now oil price continues its bullish rally, and near…
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USDJPY 120.03 No change on Japanese Yen !! Nothing to be said in the range market, technically, we are awaiting a successful breakout for the shown symmetrical triangle. So, 121 & 119.20 we will consider it the upper band and…
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GBPUSD 1.5297 GBP-USD, has rebounded significantly from the major support of 1.5105s, with an increasing buying pressure, the price is breaking 1.5250 levels. now the price forming the technical bullish pattern that has the ability…
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EUR USD 1.1240 EUR USD is still traded within the descending triangle, and we still seeing the buying pressure is stronger than the selling pressure within that pattern, so the breakout of that pattern would be to the upside. As long…
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On Monday, we could see the GBP/USD losing momentum due to the release of the most important Services PMI (Purchasing Managers Index) for the United Kingdom’s economy. The new data has disappointed, coming under the initially forecasted…
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Gold prices have gained as much as over 1.0% this week after prices fell to the lows of 1104 last week. At the time of writing, Gold is trading near the highs of 1150. The gains in Gold prices come as the markets remain uncertain on the US…
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RBA leaves cash rate unchanged at 2.0% Today’s Economic Data: NZD NZIER Business confidence -14 vs. 5 previously Australia trade balance -3.10bn vs. -2.48bn RBA leaves cash rate unchanged at 2.0% German factory orders m/m…
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EURUSD (1.12): EURUSD has been consolidating for the past few sessions on the daily chart with the bear flag pattern still intact. Plotting a down sloping price channel connecting the highs of August 24th and 17th September, we can see that…
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