Orbex - Forex Trading Library

Despite all the attention on the mini-budget and the political fallout, the BOE still has to fight rising inflation. It will meet two weeks from now to decide on the next course of action. With the release of the data tomorrow, markets can…
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The structure of AMZN shares shows the development of a corrective trend. It is assumed that a zigzag is formed, which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation…
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AUDUSD attempts to recover The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some…
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Don’t miss your chance to join our live webinar “Trading Harmonics & Candlesticks” on Monday, October 31, 2022.  Learn how to trade harmonics and candlesticks by joining this exclusive forex webinar with leading Market Strategist…
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The recent slide in the yuan currency with respect to the dollar has slowed. The official rate is being set lower (implies stronger yuan), and it emerged earlier today that major state banks have been buying their currency (and selling…
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AAPL suggests the construction of the primary fifth wave, taking the form of an ending diagonal  (1)-(2)-(3)-(4)-(5) of the intermediate degree. Most likely, the market has completed the construction of an intermediate correction (4)…
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EURUSD in brief consolidation The US dollar consolidated over flat retail sales in September. The euro has struggled to secure bids after it turned lower from the daily resistance and parity level. Sentiment would remain bearish unless…
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GBPUSD slides amid gilts firesale Sterling drifts lower amid a liquidity crunch in the UK’s gilt market. In an attempt to prevent the market’s collapse, the Bank of England has been forced to step in to buy back bonds owned by the…
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The sudden drop in the pound and the emergency intervention by the BOE is largely attributed to the release of Chancellor Kwarteng's "mini-budget", at least in the media. That gives the impression that the issue is exclusively a UK problem,…
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The BABA formation hints at a bearish corrective trend taking the form of a cycle triple zigzag w-x-y-x-z. At the moment, the market is in the final part of this pattern. We see a completed actionary wave y, which has the form of a…
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