Orbex - Forex Trading Library

Over the next couple of days, we will be getting a series of monthly data from the US housing market. This data comes back into focus after the latest CPI reading, which is why it could have some influence on the dollar. Remember that…
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A closer look at the 1H timeframe shows a large corrective wave b which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ looks to be a double zigzag of the…
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GBPUSD keeps high ground Sterling rallies as red hot inflation in the UK calls for more interest rate hikes by the BoE. A break above September’s high of 1.1740 has prompted some bears to cover their positions, easing the downward…
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The AUDUSD has been trending higher for about a month at this point, but a substantial amount of that could be attributed to events outside of Australia. The latest data releases give reasons to expect a stronger Aussie, but the actions…
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In the long term, USOIL seems to be forming a primary wave ⑤. This takes the form of an intermediate ending diagonal. An intermediate correction (4) in the form of a minor double zigzag ended at 76.24. In the last section of the…
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