Orbex - Forex Trading Library

The structure of AMZN prices shows the development of a corrective trend. This is a zigzag which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation of the first major…
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EURUSD tests resistance The euro rallies as September’s retail sales in the eurozone beat expectations. A close above 0.9950 has prompted some sellers to cover their positions. Then a tentative break above 1.0090 shows strong buying…
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The world's two largest national economies report inflation this week. After the Congressional elections in the US, the next big risk event is expected to be CPI change reports on Thursday. But, before that, China reports its own prices…
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On the 1H timeframe of AAPL, we can notice the construction of a primary fifth wave. This takes the form of an ending diagonal of the intermediate degree (1)-(2)-(3)-(4)-(5). Currently, the intermediate correction wave (4) ended as a…
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NZDUSD pushes higher The New Zealand dollar inches higher over rising inflation expectations. The latest pullback has found solid support over 0.5740, near the base of a bullish breakout. A higher high above 0.5900 indicates that the…
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The BABA structure 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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USDCHF struggles for support The US dollar plunged after data showed a higher US unemployment rate in October. A break below 1.0000 could prolong the consolidation as the parity level has been acting like a magnet, pulling the price…
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