Orbex - Forex Trading Library

GBPUSD to test major ceiling The pound holds onto its gains after the PPI for October was revised upwards. As the pair approaches the August high of 1.2270, a bearish RSI divergence is a warning sign that the rally may be running out…
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Back in June, we talked about how a rally can happen in the middle of a bear market. Even though the overall trend of the market is downward, there are naturally periods in which it comes back up. Then in August we warned about the signs…
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Foreign Exchange, as the name suggests, involves trading assets of different countries. The legal system of one country is complicated enough, but when you are dealing with several legal systems at once, nothing is as straightforward as it…
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The current USDCAD timeframe shows the internal structure of a large correction pattern. This most likely takes the form of a cycle triple zigzag w-x-y-x-z. The first four parts of this construction have ended. Now the final…
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USDJPY sees little upside The Japanese yen may find support from an acceleration in November’s Tokyo CPI. A bearish MA cross on the daily chart indicates an acceleration to the downside. A brief bounce has met stiff selling pressure at…
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One of the attractive traits for investing in gold is that it holds its value, particularly in times of crisis. It's been the go-to store of value for thousands of years. Crypto notwithstanding, it's likely to stay the premier safe haven…
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The GBPJPY pair forms a global corrective trend taking the form of a double zigzag. On the 1H timeframe, the final the actionary wave y of the cycle degree of this trend is visible. Wave y takes the form of a triple zigzag of the…
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EURUSD finds support The dollar struggles over downbeat PMI in both manufacturing and services. The euro came under pressure at the support-turned-resistance of 1.0450 from last summer. The pair has been consolidating its gains after…
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Fed officials have been doing a lot lately to try to convince the market that monetary policy will keep tightening. But, given the general weakness of the dollar compared to just a month ago, it seems the market isn't buying it. The…
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