Orbex - Forex Trading Library

Oil (5K) 56.20 Short-term Correction ; further higher prices is expected 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: 119.40 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: 1.4950 Correction Phase ; in rectangle pattern On the short-term ; rallied strongly to the upside to breach 1.5000 level but the market return to breaking 1.4800 level will stop the positive expectations temporarily, to…
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EUR/ USD Correction Phase ; Downside Breakout 1.0766 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 rise…
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The last few days were not busy with macroeconomic events, but still the market had reasons not to remain steady.
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Key Notes: Australia MI leading index m/m -0.3% vs. 0.1% previously Australia CPI q/q 0.2% vs. 0.1%; CPI y/y 1.3% vs. 1.7% previously; trimmed mean CPI q/q 0.6% as expected BoE Meeting minutes Italy retail sales -0.2% vs. 0.1%…
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Dow Jones: 18006 Equity on a bigger consolidation pattern - with upward slope 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…
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GOLD 1198 Wide Range Market - Consolidation Pattern On the short term , the market still ranging between wide levels 1185/1225 - we are still neutral until we get clearer signal for the next trend, through breaking 1181.00 support or…
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Oil (5K) 56.20 Short-term Correction ; further higher prices is expected 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…
Read More

USD/JPY: 119.40 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…
Read More