Orbex - Forex Trading Library

The current chart of the SPX500 index shows the development of a major impulse trend. It is assumed that the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse with…
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USDCHF struggles for bids The Swiss franc rallied further after the SNB said it would tighten if inflation persisted. The pair has given up more than half of its gains from the past month. A fall below 0.9710 which sits on the 30-day…
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The Fed rate hike trajectory is under renewed scrutiny after the S&P 500 officially fell into a bear market. The consensus that the Fed will hike by 50 basis points at the next meeting remains intact. But there are starting to be doubts…
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Wall Street has a reprieve yesterday as the Dow jumped 600 points as concerns continued over a possible recession. The move came as the markets staged a rebound from last week’s steep market sell-off. So, was this move simply a…
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The current BABA stock chart shows the formation of a bearish correction pattern. This takes the form of a cycle triple zigzag w-x-y-x-z. Now the actionary wave y has ended which has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. It…
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EURUSD breaks resistance The euro surged after ECB President Lagarde signalled a rate hike by September. Strong bullish momentum above the daily resistance at 1.0630 indicates that the bears are rushing to unwind their bets in a…
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There is one major question troubling economists which could determine where the markets are going. And that is if and how much the economy is being impacted by rising inflation. One of the first places this can be noticed is in PMI…
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The current NZDUSD chart shows a cycle zigzag pattern, which consists of sub-waves a-b-c. After the cycle correction was b ended, we then saw the development of a cycle wave c. It has the form of an ending diagonal consisting of primary…
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GBPUSD grinds key resistance Sterling rallies as a small-than-expected fall in the UK’s retail sales alleviates recession fears. A bullish RSI divergence showed a deceleration in the latest sell-off. Then a rally above 1.2400 provides…
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