Orbex - Forex Trading Library

The euro currency is trading weaker on Monday following two daily sessions of gains previously. Price action remains confined below the 1.2144 level of resistance. Given the current pace of declines, the EURUSD currency pair is likely to…
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Earnings Beat, Revenues Miss Shares in iconic US restauranteur McDonald’s have been a little higher over recent trading in response to a better than expected set of Q4 earnings. The company’s stock price has been under selling pressure…
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Last October, EuroZone economic activity was reported to have exceeded expectations. In fact, it pulled the shared economy technically out of a recession. Technically, because compared to the prior year, the economy was 4.4% smaller. And…
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The GBPJPY pair currently shows a bullish intervening wave X of a cycle degree. This takes the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag of the primary degree. The first four sub-waves are already fully complete, whereas the final actionary…
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USDJPY(USDJPY): Dollaro Al Contrattacco Sullo JPY S2: 103.86     S1: 104.27     R1: 105.01     R2: 105.34 Il Dollaro Usa è visto in recupero con lo Yen Nipponico per la prossima settimana, in risposta al prolungato ribasso che…
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Last week’s highlights Australian exports rise by 5.5% in Q4 2020 Export prices in Australia rose by 5.5% on a quarterly basis ending December 2020. The official data from the Australian Bureau of Statistics showed that it beat the…
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The precious metal attempted to post modest gains on Friday as price action tested the 1874 level of resistance. However, prices gave back the gains rather quickly intraday to settle back near the 1850 handle. Failure to break out above…
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Consolidation in the crude oil markets continues to stretch into the third week. Price action continues to trade nearly flat for three weekly sessions so far. As a result, price action is firmly entrenched within the sideways range…
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The British pound Sterling continues to trade rather mixed albeit near the recent highs. The consolidation has formed the ascending wedge pattern which could potentially signal a correction lower upon a bearish breakout. On Friday, the…
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