Orbex - Forex Trading Library

While the market is still holding the expected trading zone between support 66.15 and resistance 72.00-50, prices yesterday and today printed above the resistance 70.15 which could be signal for another advance toward 72.00-50. As we see…
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USDJPY managed to maintain the advance wave while market still shows potential advance. As we see on the chart, prices face a support trend around 152.45, if prices remain above it, the advance wave could progress toward the 155.85 zone.…
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GBPUSD managed to fall below the support of 1.2715 and managed to drop further toward 1.2618, closing to the support zone of 1.2570-80. As we see on the chart, and if prices remain above 1.2570-80, a rebound correction toward 1.2720 and…
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The Euro closed into the target of 1.0425, which could provide a chance for a rebound toward the 1.0540-60 zone. Below 1.0425 more of a drop could hit the market with support around 1.0330. Above 1.0610 more advance toward 1.0820…
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Crude prices have been rising this week, but it's interesting to note that the driving forces appear to be shifting. That could have important implications for whether or not Brent crude prices manage to break out of the range that has…
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USDCHF struggles for direction The US dollar (USD) slipped as CPI data crept higher, which could cause the Fed a headache at their next meeting. A move above the daily resistance of 0.8850 kept the bullish momentum going, putting…
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As is customary, the UK will give an avalanche of data before the market opens on Friday, but the GDP figure might be the most important of the figures released. The BOE is expected to be one of the slowest to roll out monetary easing. But,…
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EURUSD continues choppy consolidation The euro grinds lower as CPI data in the US remained steady. The current overall sideways action suggests that the bulls are looking to hold onto their recent gains after the recent rally. The top…
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The Dow managed to break above the resistance of 44100-200 two weeks ago and managed to hit the target of 44800. As we see over the chart, prices face a support zone around 44100-200. If the market holds above it, the advance wave could…
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