Orbex - Forex Trading Library

The formation of the GBPUSD currency pair suggests the development of a large double zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The chart shows the internal structure of the final actionary sub-wave Ⓨ. This is similar to a bearish…
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GBPUSD bounces higher The pound inched higher after the UK's inflation soared to 4.2% in October. Sentiment remains pessimistic after a botched rebound from the demand zone at 1.3420. However, an oversold RSI has attracted some…
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There has been quite a bit of commentary on a Daily Telegraph article published yesterday. The commotion is a result of the article's suggestion that Europe could see rolling blackouts throughout winter. Media sensationalism is not new,…
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The current SPX500 formation suggests the construction of a large bullish impulse that consists of primary sub-waves. At the time of writing, primary wave ③ is an impulse consisting of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Minor…
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USDCAD(USDCAD): Prove Tecniche Di Rilancio S2: 1.231 S1: 1.243 R1: 1.259 R2: 1.269 L’uscita sotto quota 1.245 ha rafforzato il trend di breve di USDCAD, anche se le pressioni ribassiste che stanno caratterizzando l’ultimo anno non…
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EURUSD lacks support The US dollar inched higher after October’s retail sales beat expectations. There has been a lack of interest in the single currency following its fall below the daily support at 1.1530. The divergence between…
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It's no secret that higher inflation around the world is perhaps the single largest driver of fiscal policy and currency market moves. But that's not the case for all economies; meaning that there are disparate market reactions to the…
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