Orbex - Forex Trading Library

NZDUSD looks at the formation of a new bullish trend. Most likely, the first wave Ⓐ is currently under construction, which could take the form of an impulse of the intermediate degree (1)-(2)-(3)-(4)-(5). The long-term…
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GBPUSD tests key support The pound slipped after January’s CPI came out below expectations. On the daily chart, the pair is still range bound between January’s low (1.1850) and high (1.2450). For intraday traders, a shooting star in…
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On the surface, this might seem to be an odd thing to be considering now. Most countries in the world are facing significant inflation problems. Of the "big three", which we'll focus on for purposes of answering the title question, the US…
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GBPJPY seems to be forming a large corrective triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ pattern. The final wave Ⓩ could take the form of an intermediate double zigzag (W)-(X)-(Y). It is assumed that two sub-waves (W) and (X) have already been formed.…
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EURUSD struggles to bounce back The US dollar jumped after January’s inflation did not slow down as fast as expected. The pair came to rest at the start of the breakout rally in early January (1.0660). The top of a previously faded…
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There are a lot of reasons for investors to seek safe havens, particularly recently. But gold has struggled to reach the $1,900/oz level. Although it could make it that high eventually, it's still notable that it's taking so long. There are…
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The current USDJPY structure shows the formation of a bearish trend. This takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. It is possible that the sub-waves Ⓦ-Ⓧ-Ⓨ have ended. However, the second intervening wave Ⓧ…
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USDJPY tests resistance The Japanese yen struggled as the Q4 GDP fell short of expectations. The pair’s latest retracement found support over the psychological level of 130.00 which coincides with a resistance level from a previous…
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Following the last FOMC meeting, it seemed the Fed was quite happy with how much inflation was coming down. The rhetoric shifted from "keep raising" to "only a couple more hikes left". That was a dovish shift that was welcomed by the…
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