Orbex - Forex Trading Library

USOIL on the 1H time-frame shows the formation of the final primary wave ⑤. This takes the form of an intermediate ending diagonal. An intermediate correction (4) in the form of a minor double zigzag could have been completed…
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USDCHF seeks support The US dollar falls as GDP shows a 0.6% contraction last quarter. The pair is consolidating its gains after it rose above the double top at 0.9880. A slide below 0.9850 triggered profit-taking. Medium-term…
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The yuan has been depreciating against the dollar, as have most other currencies. While not as dramatic as the yen, the rise in the USDCNY pair has started to raise concerns from Chinese officials. In the last couple of days, several formal…
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We talked about the situation on the DXY index a little more than two weeks ago. Its internal structure shows the completion of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z.…
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EURUSD attempts to rebound The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias…
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As prices around the globe increase, consumers can buy less with the same amount of money. Some consumers have the capacity to increase spending. Either by borrowing money, getting a new job, or getting a raise. But, with average wages in…
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The current Gold chart shows a large correction pattern which takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This looks completed in the form of a…
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