Orbex - Forex Trading Library

USDJPY challenges key resistance The Japanese yen weakened after the BoJ slashed growth forecasts due to pandemic curbs. The greenback has met buying interest at 109.70, a major demand zone on the daily timeframe. A successful…
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EURUSD subdued as dovish ECB expected The euro treads water near a twelve-week low as traders await the ECB meeting. The central bank is likely to stress on its recent shift to a less aggressive strategy. By tolerating inflation…
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The XAUUSD formation suggests the development of the final primary part in a large cycle wave V. It is possible that an intermediate wave (5) is being constructed, which takes the form of an ending diagonal consisting of minor sub-waves…
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We don't have all the details on the proposed global minimum corporate tax as it's still in discussions. We do, however, have enough to start considering how it could affect the markets, and what that means for trading. Tax rates…
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EURCHF(EURCHF): Alla Ricerca Di Un Minimo Contro CHF S2: 1.069     S1: 1.081     R1: 1.092     R2: 1.104 EURCHF è salito fino a 1.115 all’inizio di marzo, formando un massimo relativo per poi intraprendere una articolata fase…
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AUDUSD tests key support The Australian dollar softens as the state of Victoria goes into a five-day lockdown. Last week’s bearish breakout below 0.7450 has given the bears the upper hand. The price’s failure to lift offers around…
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In his closely watched testimony before the House of Representatives yesterday, Fed Chairman Powell stuck to the script about where monetary policy is going. This might take on a new dimension in light of tomorrow's data. Moreover, a…
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On the 1H timeframe of the BABA stock chart, we see the structure of a large Ⓐ-Ⓑ-Ⓒ zigzag. Over the past six months, the market has been moving within the bearish correction Ⓑ. To date, it continues its development. Wave Ⓑ takes the form…
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