Orbex - Forex Trading Library

The EURUSD structure shows a  bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Horizontal correction wave ④ recently ended, which took the form of an intermediate flat. After the end of this correction, we saw a rapid rise…
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DAX (Germany30): Dax Torna A Bussare Sui Massimi Storici S2: 13,037     S1: 13,186     R1: 13,424    R2: 13,513 L’indice tedesco DAX ha guadagnato moderatamente forza relativa superando di slancio quota 13,000, resistenza…
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USDJPY Looks for Jobs Volatility The much-battered US dollar may not be out of the woods yet. Judging by improved sentiment across the board - equities and commodities making new highs, investors are eager to exchange their greenback…
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Last week’s highlights US durable goods orders rise by 1.3% in October The monthly durable goods orders report measuring the new orders for manufactured goods surged more than expected. Data from the Commerce Department showed that…
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The S&P500 index rose by about 2.37% on the week. As a result, the index managed to pare losses from the week before. It also broke past the previous week's highs and is now back within reach from retesting the previous all-time…
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The precious metal continued to move lower following a brief pause for two sessions. However, as prices make a new low, there is a strong bullish divergence building up on the Stochastics oscillator. This could mean that the precious…
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Oil prices pared losses to close on a bullish note on Friday. This put price action back near Wednesday's highs close to the $45.50 levels. The overall short term momentum is to the upside in the oil markets. However, watch how prices…
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The British pound sterling gave back some of the gains on Friday, to close on a bearish note. This move saw price action falling back to the familiar support of 1.3300. This also resulted in the rising trend line being breached. If we…
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The euro currency closed on the higher side on Friday, following a flat close on Thursday. The gains come as the rising trendline sees a lot of activity. Price action is finding support off the rising trend line, pushing prices higher.…
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