Orbex - Forex Trading Library

The structure of the GBPUSD pair suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. Wave z takes the form of a primary triple zigzag…
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EURUSD falls back The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this symbolic level. The…
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Don’t miss your chance to join our live webinar “Using Orbex Trading Tools” on Monday, November 14, 2022.  Learn how you can use Orbex’s exclusive trading tools to help you identify market opportunities by joining this live webinar with…
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Going into the end of the year, the general theme has been slowing economic activity. Even when certain data points appear positive on the surface, a look under the hood reveals additional problems. For example, the latest US GDP figures…
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Get ready to trade the NFP LIVE with a seasoned analyst!  Our resident market strategist David Kindley will be going live on Facebook and YouTube to give you exclusive insights into this month’s non-farm payrolls data release.  Back…
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ExxonMobil reported a record quarterly profit of nearly $20bn on Friday. The largest US oil company’s results were echoed at rival Chevron, who had a Q3 profit of $11.2bn. These results were almost triple what was earned a year ago.…
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In the long term, EURUSD is forming a bearish cycle impulse, which consists of sub-waves I-II-III-IV-V. Once the cycle impulse sub-wave III ended, the formation of a bullish correction IV began. This correction is similar to a double…
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USDCHF bounces back The US dollar rose after stronger-than-expected consumer spending in September. Its retreat came to a halt at 0.9840 near the 30-day moving average. A bullish RSI divergence showed a deceleration on the way down.…
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GBPUSD rebounds as UK budget delayed The pound bounces as the new premiership instils a sense of stability. Former Chancellor Sunak becomes Britain’s Prime Minister as Sterling recovers from the budget disaster. The new…
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