Orbex - Forex Trading Library

The current chart of BABA shares shows the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. Currently, we see a completed actionary wave y which has the form of a primary double zigzag…
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XAUUSD struggles to bounce back Bullion whipsawed after the Fed's rate hike came out in line with expectations. The price’s failure to hold above the critical level at 1680 may have triggered a long journey to the south. The RSI’s…
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Don’t miss your chance to join our live webinar “Top Trading Tools for Beginners” on Monday, October 3, 2022.  Designed to teach you the most basic concepts of forex trading, this exclusive webinar with leading Market Strategist David…
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The BOE is facing a somewhat unique problem that could lead to a divided vote on policy when it meets tomorrow. And that could send a confusing signal to the markets, leading to unexpected moves in Forex. Here's why 25, 50 and 75 basis…
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XAGUSD seems to be forming a correction wave b of the cycle degree which is part of the global zigzag. The correction wave b is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have already ended and now we see the…
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EURUSD awaits breakout The US dollar consolidates ahead of the FOMC. A tentative break above 1.0190 prompted sellers to cover their bets, easing the downward pressure. The bulls will need to lift offers in this key supply zone before…
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Expectations for what the Fed will do at its next meeting have been on a bit of a rollercoaster. This has created some fluctuations in the dollar, as well as the stock market. But now that Fed officials are sitting down for the two-day…
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GBPJPY seems to be forming a global corrective trend which takes the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is underway. Wave y takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the…
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AUDUSD consolidates The Australian dollar steadied after the RBA minutes hinted at a slowdown in hikes. A lack of support for the recent rebound is a sign that the bulls struggle to hold onto their gains. A drop below the daily support…
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