Orbex - Forex Trading Library

USDJPY consolidates post-BoJ intervention The Japanese yen clawed back some losses after the BoJ intervened in the FX market for the first time since 1998. The central bank has loaded up on its currency in an attempt to ease the…
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Italy goes to the polls on Sunday, with results expected through the course of the morning of Monday. Polls are showing a pretty strong lead for Brothers of Italy leader Meloni, so it's unlikely there will be a surprise with the electoral…
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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 final wave z takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the…
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USDJPY pulls back for support The Japanese yen skyrocketed following the first Japanese currency intervention in 24 years. The pair swiftly reversed its course after flirting with the psychological level of 145.00. A break below 143.50…
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After a week in which a dozen central banks around the world either tightened policy or resorted to currency intervention, the focus is now on the economy. Just how much of the move was priced in, and how much will economic growth be…
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The current chart of BABA shares shows the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. Currently, we see a completed actionary wave y which has the form of a primary double zigzag…
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XAUUSD struggles to bounce back Bullion whipsawed after the Fed's rate hike came out in line with expectations. The price’s failure to hold above the critical level at 1680 may have triggered a long journey to the south. The RSI’s…
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Don’t miss your chance to join our live webinar “Top Trading Tools for Beginners” on Monday, October 3, 2022.  Designed to teach you the most basic concepts of forex trading, this exclusive webinar with leading Market Strategist David…
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