Orbex - Forex Trading Library

In the previous article we gave a brief introduction to trend lines and why they work, as well as showing how to plot trend lines correctly. If you have missed that article, please click here to read, in order to gain context for the next…
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Crude Oil starts the year on a bearish note, eyeing $41.7 There seems to be no respite for Crude Oil futures which continued to weaken into the New Year and breaking below the $50 handle over the past few weeks and now firmly poised to…
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For sure the most interesting subject these days is the evolution of oil. We noticed how the WTI price was stoutly attracted by the round level of 50 dollars per barrel and even breaking it down to 47.50 dollars. Technically speaking, there…
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Trend lines, rising and falling lines are one of the simplest ways for traders to trade based on price action. However, there is often a lot of confusion in regards to how to plot the trend lines and where exactly, or at which point does…
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Key Forex Afternoon Notes for 6th January: Japan monetary base y/y 38.2% vs. 34.3% forecasts Australia trade balance -0.93bn vs. -1.59bn China HSBC services PMI 53.4 vs. 53 previously Spain services PMI 54.3 vs. 52.9 Italy…
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News traders often conform to the general philosophy of 'Buy the rumor, sell the fact'. This basically means that traders take long positions in the run up to a news event, which more often than not tends to fall short of expectations, with…
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Dow Jones: 17435 Equity on trading zone Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before as long as market holding trades below 18100 will expect some drop…
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GOLD 1210 Gold between deflation & Dollar hike market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate as soon as this April while economic data from Europe and Japan showing…
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Oil (G5) 49.20 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 118.85 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 , while market still holding trades above support 118.85 zone as long as market holding…
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