Orbex - Forex Trading Library

GOLD 1191 Wide Range Market - breakout on the edge On the Short-term ; the market has penetrated the short-term support area which is 1188 ; however , this breakout could not be trusted unless market would be traded the level of 1184…
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Oil (5K) 55.50 Short-term Correction ; Range Market on the upper range On the short-term view ; the market has succeeded to continue pushing up the prices upwards gradually to approach the key resistance 56, Therefore, our bullish…
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USD/JPY: 119.52 Japanese Yen consolidate further - breakout soon to catch up the market movement as market has recorded a higher price over 120 yen per us dollar , the upward for the longer term view is more probable , however , the…
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GBP/USD: 1.5115 Correction Phase ; with accumulating buying pressure On the short-term , market break resistance levels which is considered a pivotal level on the mid-term ( 1.5050 ) and still stable above it, which forms good…
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EUR/ USD Correction Phase ; a bigger range market 1.0830 On the short -term the market the market still ranging between 1.05 and 1.12 levels as awaiting a more data to decide the new mid-term direction. Note that the expected…
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Prices of the precious metal, Gold saw a sideways pattern start to take shape after a high at 1224.3 was made three weeks ago around the week of 5th of April and since then, prices of Gold have been hovering between the highs at 1224 and…
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A weaker Yen this week The Japanese Yen paused in its strong rally seen since early January as the currency weakened across the board. There was no major economic data to support the Yen’s weakness this week although data was mostly…
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Key Notes: Japan manufacturing PMI 49.7 vs. 50.7 China HSBC manufacturing PMI 49.2 vs. 49.4 Switzerland trade balance 2.52bn vs. 2.12bn French flash manufacturing PMI 48.4 vs. 49.2; flash services PMI 50.8 vs. 52.4 German…
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Dow Jones: 17887 Equity on a bigger consolidation pattern On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. in case now rate hike by the Fed.…
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GOLD 1189 Wide Range Market - breakout on the edge On the Short-term ; the market has penetrated the short-term support area which is 1188 ; however , this breakout could not be trusted unless market would be traded the level of…
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