Orbex - Forex Trading Library

As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55 resistance. Below 2315, more of a…
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Crude Oil dropped to the target of 75.50 and managed to break further downwards and meet the second level of 73.50. As we can see from the chart, prices face an uptrend around the 70.00-50 zone, which, if the market manages to test,…
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USDJPY dropped as prices managed to test the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first support around 155.80, as the market managed to hit some rebound, with fresh resistance at…
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As predicted in the previous weekly chart, the GBPUSD pair managed to meet the target of 1.2800, which caused a correction. On the chart, if prices remain below 1.2800-15, a further drop is expected, with supports waiting at 1.2640 and…
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The Euro broke the resistance of 1.0895, which could signify an extension. On the chart, the market is facing an uptrend support of around 1.0785-95. A further advance wave could push toward 1.0980 and 1.1140 if prices hold above this…
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ECB Rate Cut a Done Deal: Then What? According to both the markets and economists, it is virtually certain that the ECB will cut rates tomorrow. Which means if it does, the focus will turn to the potential rate path after that. Analysts…
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FTSE 100(UK 100) seeking support The FTSE 100 rebounded on the recent sell-off, but it looks likely to test the recent low at 8125. A cup and handle formation has brought the index to its first key resistance at 8350, which coincides…
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BOC Rate Decision: It's Not Just the CAD in Play The BOC is widely expected to cut rates when it meets tomorrow, which naturally will be the big news for the CAD. But, given the similarities and interconnectedness with the US economy,…
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EURJPY hits another high The euro steadies as the ECB decides if now is the time to act on the rate cut rumours. A brief dip below 170.00 has shaken out some undecided traders, but sentiment remains relatively solid. Price action on the…
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