Orbex - Forex Trading Library

GBPUSD consolidates gains Growing risk appetite weighs on a safer US dollar. The rally above 1.3360 confirms that short-term sentiment has turned around. However, the push might have run out of steam as the RSI shows a bearish…
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The current USDCHF structure indicates that at the end of November, the market completed the actionary wave y of the cycle degree. A cycle intervening wave x followed after the actionary wave. Judging by the internal structure, the…
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EURUSD tests important resistance The US dollar struggles as the Omicron scare subsides. The pair has been stuck in a narrow range between 1.1230 and 1.1360, because of a lack of liquidity and a catalyst. Following a bounce from…
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Some investors are puzzled as to why the price of gold hasn't been increasing lately. In fact, it peaked last year, and since then it has been largely trading lower. On the other hand, inflation went up during that period and continues…
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AMZN shares are likely forming a bullish impulse, which is part of the development of a deep fourth wave of the primary degree. The primary correction ④ takes the form of an intermediate triple combination (W)-(X)-(Y)-(X)-(Z). To…
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AUDUSD falls back for support The Australian dollar pulls back as risk assets tread water amid low liquidity. A break above the previous high at 0.7220 reveals a strong bullish bias. However, the RSI’s repeatedly overbought…
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The current AAPL structure hints that a primary fifth wave is under construction. It can take the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final part in the cycle impulse a. It is…
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Last week, there were reports that flows in the Yamal-Europe gas line had reversed. In turn, this sent energy prices on the continent to new record highs and weighed on equities. A sharp drop in most equities was due to the sudden loss of…
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USDJPY breaks higher The US dollar inched higher after November’s core PCE jumped to 4.7%. A break above the supply area near 114.20 indicates that the bulls have gained the upper hand. As sellers rush to the exit, the pair may…
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