Orbex - Forex Trading Library

AUDUSD suggests the development of a bearish intervening wave x of the cycle degree. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Apparently, at the time of writing, a bullish intervening wave Ⓧ is under development. This can take the form…
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Over the weekend, we had the somewhat shocking news that the chief Brexit for the UK, Lord David Frost, had tendered his resignation, effective immediately. Naturally, that set off alarm bells that something might be wrong with the UK-EU…
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Apple has informed staff that it is delaying a planned return to US offices indefinitely. A memo from the CEO said workers would get advance notes a month before a new return date is set. Other tech companies including Uber and Amazon…
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Yesterday, UK forward natural gas prices hit a new all-time high. At the start of trading today, they retraced a little, but that was far from mitigating the trend that has seen wholesale prices spike 600% in the last few months. Because…
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The current USDCAD structure suggests the development of a large correction trend, which takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. At the end of October, the downward movement of the market was completed within the primary…
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EURUSD tests key supply zone The euro jumped after the ECB announced it will cut its bond-buying program. The pair’s latest retreat seems to have been an accumulation phase for the bulls. Strong buying interest lies in the demand…
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The current structure of the USDCNH currency pair suggests the development of a large intervening wave x of the cycle degree. It is a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The final primary wave Ⓨ is currently under construction. Apparently,…
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