Orbex - Forex Trading Library

The ALIBABA formation shows that the impulse wave Ⓐ has ended. This followed the development of a bearish correction Ⓑ in a primary zigzag. It is likely that the correction Ⓑ has completed, taking the form of an intermediate zigzag…
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Crude prices have been moving higher this week after snapping an initial move lower, following an unexpectedly hawkish tone from the Fed. Even though the initial move in WTI was easily attributable to the strengthening of the dollar;…
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EURUSD faces psychological resistance The euro rises back after ECB officials’ comment that global inflation is of a temporary nature. Indeed, the pair is consolidating, which is usually the case following a strong directional…
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The current formation of the EURUSD currency pair suggests the development of a global bullish impulse. This consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). The bearish correction wave (4) seems to have just been completed, as it…
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Fed Chairman Jerome Powell is going to appear in the US Congress. However, it's not going to be one of the usual bi-annual hearings of the Fed Chairman on Capitol Hill. Rather, he will testify in front of the House Select Subcommittee on…
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DAX Fut. (DE30): Supporto Di Transizione A 15.180 S2: 15,471 S1: 15,542 R1: 15,745 R2: 15,877 Il DAX future affonda sotto la pressione dei venditori, scardinando l'impostazione rialzista degli operatori ed allineando il mercato sul…
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USDJPY tests first support The Japanese yen remains under pressure as the BoJ extends the easing program. The US dollar has met strong resistance at last April’s high at 110.80. Price action then found bids near 110.20, a former…
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EURUSD tanks on US taper hint The US dollar surged after the Fed signaled two potential rate hikes in 2023. The central bank’s switch to a hawkish stance came in sooner than expected and took markets by surprise. The next logical…
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