Orbex - Forex Trading Library

The precious metal is trading subdued, in anticipation of further news on the stimulus proposal from the new Biden administration. Price action is strongly consolidating near the 1850 handle for the moment. This could continue for a…
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WTI crude oil prices are trading flat having risen to highs of 53.90 intraday on Wednesday. The declines push the price action back below the rising trend line. This could potentially see the trend line being retested from below. The…
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The British pound sterling is posting strong gains, recovering from the declines on Wednesday. The rebound comes following speculation that the Bank of England will not be considering negative interest rates. This has proven to be…
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The euro currency is posting a modest rebound intraday after falling to a four week low earlier on Thursday. The rebound comes as the recent dollar gains take a pause, awaiting more news on the new stimulus talks. Price action in the…
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Twitter Down Pre-Market Shares in US social media giant Twitter are trading lower pre-market on Thursday as the company’s stock price continues to correct lower from the recent highs posted above 55 where it ran into a long-term resistance…
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So, the price of gold has been going on a bit of a roller coaster lately. And to make the life of traders a little more interesting, its behavior has been a bit counterintuitive. One would expect that following a massive, politically…
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The current AAPL structure hints to a ①-②-③-④-⑤ impulse of the primary degree. Horizontal wave ④ ended, taking the form of a contracting triangle. The construction of the impulse wave (1) and the bearish correction (2) is also complete.…
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AUDCAD holds in a continuous ascending channel since the back end of 2020, hitting yearly highs in the process. After the last downward move to the lower channel in December, prices have propelled and broken out of the upper channel.…
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As a forex trader, you are probably always on the lookout for the next tool that can help advance your trading plan, sharpen your strategy, and keep you at the forefront of your field. However, has it occurred to you that the most useful…
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Greenback Cannot Make Up Its Mind The dollar index closed 0.38% higher on Wednesday, breaking through the 90 ceiling once again. Early reports suggest that the size of the US President-elect Joe Biden's stimulus plan has ballooned to…
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