Orbex - Forex Trading Library

GBPUSD buried in bearish territory The pound continues to retreat after Britain’s growth fell short of expectations in Q3. A break below September’s low at 1.3420 has invalidated the latest rebound, putting buyers on the defensive once…
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By now it's been a couple of months since the Evergrande issue hit the markets. Since then, a lot of the more pessimistic scenarios haven't played out. In fact, the worries about a collapse of the housing market in China have pretty much…
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The formation of BABA shares suggests the construction of a large Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. Apparently, at the time of writing, we are in the final part of the primary correction Ⓑ. This correction can take the form of an…
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USDJPY attempts a bullish reversal The US dollar broke higher after October’s CPI exceeded expectations. On the daily chart, the RSI has dropped back into the neutrality area. The greenback has secured bids around the 30-day moving…
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The current USDCHF structure shows that the pair completed the actionary wave y of a cycle degree. This was followed by a cycle intervening wave x. Judging by the structure, wave x takes the form of a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At…
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Tomorrow we have an avalanche of data from the UK just before the market opening. Several bits are key for economic projections and whether or not the BOE will finally go through with its rate hike. Here's a reminder of what the BOE has…
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APPLE(APPL.OQ): Sempre In Up Trend S2: 139.38 S1: 147.45 R1: 153.15 R2: 157.50 Il titolo Apple è visto in fase di consolidamento, dopo i massimi segnati appeno sotto quota 160 USD lo scorso settembre, ma le implicazioni tecniche…
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EURUSD meets resistance The euro finds support from an upbeat economic sentiment from across the block. The pair has met buying interest in the demand zone around 1.1520. A bullish RSI divergence suggests that sellers may have taken…
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