Orbex - Forex Trading Library

The media, both from the UK and around the world, is abuzz with updates ahead of the coronation of a new Monarch in Britain for the first time this century. It will also be the first time that a British coronation will be broadcast on color…
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USOIL is forming a large bearish trend taking the form of a triple zigzag. This consists of primary waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the final sub-wave Ⓩ is a triple zigzag. It is possible that the primary wave Ⓩ will have the form of…
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USDCHF struggles to bounce The US dollar recoups some losses as traders reposition ahead of April’s jobs data. The recent bounce has again hit resistance at the psychological level of 0.9000, making this double top a major ceiling in…
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The market's reaction to the NFP data coming out tomorrow might be a bit muted after the changes following the Fed's most recent meeting. Labor figures are important to the markets for two main reasons: Insight into how the economy is…
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In the long term, the GBPUSD pair seems to be forming a correction cycle wave  IV. This correction takes the form of a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ is currently under development. The…
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EURUSD grinds resistance The euro holds well as the ECB is expected to hike rates by 25 basis points. On the daily chart, the pair is still trying to hold on to its gains above this year’s high of 1.1000. The sideways action around…
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