Orbex - Forex Trading Library

Don’t miss your chance to join our live webinar “Trading Harmonics & Candlesticks” on Monday, October 31, 2022.  Learn how to trade harmonics and candlesticks by joining this exclusive forex webinar with leading Market Strategist…
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The recent slide in the yuan currency with respect to the dollar has slowed. The official rate is being set lower (implies stronger yuan), and it emerged earlier today that major state banks have been buying their currency (and selling…
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AAPL suggests the construction of the primary fifth wave, taking the form of an ending diagonal  (1)-(2)-(3)-(4)-(5) of the intermediate degree. Most likely, the market has completed the construction of an intermediate correction (4)…
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EURUSD in brief consolidation The US dollar consolidated over flat retail sales in September. The euro has struggled to secure bids after it turned lower from the daily resistance and parity level. Sentiment would remain bearish unless…
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GBPUSD slides amid gilts firesale Sterling drifts lower amid a liquidity crunch in the UK’s gilt market. In an attempt to prevent the market’s collapse, the Bank of England has been forced to step in to buy back bonds owned by the…
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The sudden drop in the pound and the emergency intervention by the BOE is largely attributed to the release of Chancellor Kwarteng's "mini-budget", at least in the media. That gives the impression that the issue is exclusively a UK problem,…
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The BABA formation 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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NZDUSD tests resistance The US dollar whipsawed as high inflation persisted in September. On the daily chart, the pair has taken a breather after the RSI went deeply into the oversold area. Sellers’ profit-taking would not be enough to…
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The world's second largest economy is in focus on Friday with the release of some key data at a crucial juncture before the CCP general meeting. There had been some expectations that the zero-Covid policy might be relaxed after the meeting.…
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