Orbex - Forex Trading Library

CADCHF has been trading in a mostly sideways range since the downturn experienced in June. The 50% Fibonacci of the 0.7199/0.6604 downside leg is currently acting as a median regression. Prices are clinging on to the Ichimoku cloud which…
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EIA Inventories Decrease Sharply Crude oil prices have traded higher this week, boosted by the latest report from the Energy Information Administration. The EIA report shows that in the week ending October 30th, US crude oil inventories…
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Dollar retreats Ahead of Fed Meeting The dollar index fell by 0.21% yesterday after initially spiking over the 94 handle. However, it could not maintain its grip as the gridlock in the election resulted in a choppy session for the…
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The precious metal is trading flat with price action failing to breakout above the 1911.50 - 1900 level of resistance. For the moment, the bias is to the downside, with price down over 0.43% intraday. However, this holding pattern is…
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Oil prices are back trading weaker following the gains from earlier this week. After testing the 38.83 level of resistance, the commodity is taking a breather. Prices are down about 0.40% intraday after failing to breakout above the key…
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The British pound sterling failed to hold on to gains above the 1.3000 level. After a brief test of the 1.3122 level, price action eased back to settle below the 1.3000 handle on Wednesday. As a result, we could see continued declines…
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The common currency is trading volatile, largely thanks to the volatility in the US dollar. Prices whipsawed around but overall, the EURUSD is holding the sideways range between 1.1715 and 1.1600 levels. Earlier in the day, prices…
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Earnings Miss Shares in General Electric are trading a little lower pre-market on Wednesday as uncertainty amidst the US elections impacts equities markets. General Electric reported its Q3 earnings last week and despite a weaker than…
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With all the focus on the elections, the upcoming FOMC meeting has slipped under the radar. After that, it's the first Friday of the month, which means it's NFP day. Even as the market digests the results of the election - and…
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The DXY structure shows a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag, which forms a cycle corrective wave b. A look at the 1-hour timeframe shows the structure of the final wave Ⓩ of the primary degree. This consists of sub-waves (A)-(B)-(C).…
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