Orbex - Forex Trading Library

XAUUSD breaks resistance Gold surged over geopolitical tensions between the West and Russia over Ukraine. Following a three-week-long sideways grind, the break above the triple top at 1830 indicates strong commitment from the…
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It seems so long ago that the biggest concern for the markets was a trade war between the US and China, initiated with taxes applied by the Trump administration. Among a diverse range of effects, China's currency lost value dramatically.…
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The USDCAD pair sees an upward price movement within the large wave Ⓨ of the primary degree. Judging by the internal structure, wave Ⓨ takes the form of a simple 3-wave zigzag. This is marked by intermediate sub-waves (A)-(B)-(C).…
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USDCAD grinds lower The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500. The RSI’s repeatedly oversold situation has attracted some…
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Yesterday, several US airlines, and others who fly to the US, announced they were suspending flights over 5G. Since then, there have been changes, and many have announced that they will resume the flights. Initially, this gave investors…
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The GBPJPY currency pair is most likely moving within the cycle impulse, with wave III under development. We can assume that the correction wave ④ of the primary degree ended at the end of December. This correction took the form of…
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GBPUSD falls into correction The sterling fell back after a slowdown in Britain’s wage growth in November. Sentiment favors the pound after it rallied above the daily resistance at 1.3700. However, an overbought RSI has cut back…
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