Orbex - Forex Trading Library

The USDCHF chart 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. Wave z will most likely take the form of a triple…
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AUDUSD breaks resistance The Australian dollar climbs back as China gradually reopens Shanghai. The pair has bounced off a two-year low near 0.6800. A break above 0.7050 may prompt sellers to cover their positions, easing the downward…
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Yesterday, the Dow dropped by over 1,000 points again. The benchmark S&P 500 was down 4.0% and the Nasdaq even worse. While markets are in a bearish trend, this isn't entirely unexpected. But such a large move after only a couple of…
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The internal structure of the USDJPY currency indicates the formation of a global impulse trend, which consists of cycle waves. On the 1H timeframe, we see the final part of the sideways correction IV, which is a primary triangle.…
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USDCAD attempts to rebound The Canadian dollar softened after a slowdown in April’s CPI growth. The US dollar is seeking support after it broke above December’s high at 1.2960. The pair is testing the origin of the previous bullish…
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At their last meeting, the RBA caught most economists by surprise, raising interest rates by 25bps to an unusual level of 0.35%. Most analysts expected no move, and those who did, figured the Reserve Bank would align policy at 0.25%.…
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AMAZON shares show the formation of a zigzag consisting of sub-waves a-b-c of the cycle degree. In the last section of the chart, we see a decrease in the price, which could indicate the beginning of the construction of a bearish…
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