Orbex - Forex Trading Library

US President Biden is holding a meeting today to discuss a plan to lift tariffs imposed on certain goods imported from China. Although it's being billed as "reversing" the Trump Administration's tariffs, the reality is a little more…
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The current NZDUSD structure on the 1H timeframe suggests a completed cycle zigzag pattern. This consists of subwaves a-b-c. Cycle wave c is an ending diagonal consisting of primary sub-waves ①-②-③-④-⑤. Most likely, the formation of…
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USDCHF rises to resistance The US dollar strengthens as strong wage growth is expected. On the daily chart, the price’s wide swings seem to be forming a pennant consolidation pattern. A break above the supply zone around 0.9680 forced…
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This time around, NFP could rock the markets. Not so much because of monetary policy implications, but what they could say about the underlying economic situation. Talk of a recession keeps growing, and NFP is one of the first complete data…
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Oil continued its slide to a 12-week low on fears of a global recession. A strong dollar coupled with increasing Covid-19 cases in China, saw the sell-off continue. Further lockdowns in the world's biggest oil importer could shake up…
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The structure of the USDCHF currency on the 1h timeframe shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. Currently, there is a development of the actionary wave z of the cycle degree. The wave z…
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GBPUSD struggles to bounce Sterling weakens as the UK’s cabinet crisis threatens Boris Johnson’s premiership. A fall below June’s lows and the psychological level of 1.2000 suggests that there is more to the downside. The RSI’s repeated…
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In today’s advanced #ElliottWave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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Today, the pound was trading at 2-year lows against the dollar. It follows the surprise resignation of the Chancellor, Rishi Sunak, late yesterday, provoking a significant Cabinet reshuffle. The new Chancellor is former Secretary for…
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We talked about the USDJPY currency pair a few weeks ago. To date, the currency continues to form a global impulse trend. After the completion of the triangular pattern within the cycle correction IV, prices began to rise sharply in…
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