Orbex - Forex Trading Library

The British pound sterling is posting gains after a rebound from the trendline. Prices remain confined within the ascending wedge pattern. A breakout above the previous highs could confirm further upside. For the moment, price action…
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The euro currency is attempting to pare losses from Wednesday. However, price action remains biased to the downside. The short term intraday bounce led the common currency to briefly rise to the 1.2144 level of resistance. A…
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Facebook shares are trading a little lower pre-market on Thursday. The company’s stock price saw a strong rally over 2020 but has had a more difficult and volatile start to 2021. Despite the rally over recent weeks, we have seen some…
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Given the circumstances, the release of US Q4 GDP figures later today is likely to be one of the biggest market events of the month. After the whipsaw of contraction in growth in the middle of the year, economic activity is expected to…
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USDNOK has been on a downward streak from the back end of 2020 as prices fell to multiple-year lows. Bears have looked to maintain the trend, however, a hint of exhaustion has crept in. A bounce at the mentioned lows has seen a slight…
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It’s been another mostly quiet week so far for crude prices. The oil market has been fairly stagnant over the last few weeks as traders await fresh directional catalysts, keeping oil trading within a fairly tight range. However, there…
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The precious metal was trading below the 1850 level just ahead of the Fed meeting. However, the declines coincide with the Stochastics oscillator also moving close to the oversold levels. As a result, we could see price attempting to…
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Oil prices remain flat for yet another day. Price action briefly fell to the floor near 51.87 from the sideways range. But prices quickly recovered off this level intraday. For the moment, the sideways range remains intact and oil prices…
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The British pound sterling gave back some of the gains from Tuesday on an intraday basis on Wednesday. Price action once again attempted to post new highs but failed to build up the momentum. The consolidation near the 1.3700 level…
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