Orbex - Forex Trading Library

The gains in the precious metal saw price rising to the 1950 level. This marks the second retest of this level since November 2020. Previously, prices fell back right after testing this level. At the moment, the Stochastics oscillator is…
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Oil prices are bullish on Tuesday, rising over 5% intraday. The gains come on the second day of the OPEC+ meeting. Saudi Arabia, alongside other countries, opposed Russia's proposal of raising production. The current gains in oil prices…
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The British pound sterling is posting modest gains on Tuesday following the strong sell-off on Monday. But price action remains subdued in comparison to Monday's prices. The Stochastics oscillator remains near the oversold levels.…
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The euro currency is trading subdued following the volatile price action on Monday which closed almost flat. Price continues to remain bullish but a breakout off the current levels is needed. Price action is likely to close with an…
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The GBPJPY chart shows the final part of a large triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is a simple zigzag and consists of intermediate sub-waves (A)-(B)-(C). Wave (A) is a fully completed bullish…
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Shares in Alibaba are trading a little lower pre-market on Tuesday. The company's stock price is trading around 227.72 following yesterday's 227.85 close. Shares are now down around 30% from their peak last year. Jack Ma clashes With…
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On the first full trading day of the new year, the onshore USDCNY hit the lowest it's been since June 22, 2018. This was back at the start of the now almost forgotten US-China trade war. It was over a 1% jump for the Chinese currency…
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EURNZD had a negative end to 2020 as the majority of Q4 saw a price decreases of over €10. The currency pair did see a slight reprieve as it found support towards the 1.70 handle. A slight bounce at the said level now sees a modest…
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Gold prices popped higher as the US dollar continued to extend declines. The pace of gains in the precious metal was however bigger, rising almost 2% intraday. The gains come amid a mixed set of narratives, including the Georgia senate…
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Oil prices rose to multi-month highs on Monday in anticipation of the OPEC+ meeting. Furthermore, tensions in the Middle East also added to the bullish fundamentals. Prices rose to highs of 48.97 before giving back the gains. For the…
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