Orbex - Forex Trading Library

Descending Triangle Breakout! The Gold has broken yesterday its descending channel at the levels of 118, which probably would drive the market toward a level below 1100s On the Short-Term: The market has broken its consolidation…
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CL_5V 44.35 Within a triangle! At the shown chart the market still consolidate and trading within a consolidation pattern. Short & Mid – Term View On the mentioned time horizon we would consider the levels of 42 and 50 US…
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USDJPY 121.09 Failure to breakout or breakout retracement! The USDJPY is a major currency its technical overview always effected by the BoJ intervention to weaken the currency to boost its inflation and reducing the deflation…
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GBPUSD 1.5391 Symmetrical Triangle; range market pattern! Today it is considered as the major day for the sterling; awaiting the rate hike. As shown on the chart the market is trading within a symmetrical triangle, moreover, that…
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EURUSD 1.1194 Trading within a rising channel! The pair of Eur/Usd is trading for the last couple of days within a range awaiting more information and liquidity to decide the direction of the potential breakout. On the short-Term:…
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EIA revises down 2015, 2016 Crude Oil prices. Weekly inventory report due today! Crude oil futures have been trading lower for the week, losing over -3.3% after a brief rally towards $46.3 which was unsuccessful. At the time of writing,…
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The Australian economy added over 17k new jobs in the month of August beating the median consensus forecasts of 5.2k. Jobs growth came from a rise in full time employment which gained 11,500 while the part time jobs increased by 5900. The…
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The Reserve Bank of New Zealand which met earlier today cut the benchmark lending rates by 25bps from 3.0% to 2.75%. The RBNZ cut rates amid concerns of softer growth from China and the weaker activity from emerging markets and developing…
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UK Manufacturing and industrial production slows. British Pound halts rally. Key Notes: UK BRC Shop price index y/y -1.4% vs. -1.4% previously Australia Westpac consumer sentiment -5.6% vs. 7.% previously Australia home loans…
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Dow Jones (DJI_5U) 16660 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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