Orbex - Forex Trading Library

USDPLN has seen sustained support from the 2008 low of $2. The long-term outlook has witnessed two previous tests at a break to the downside; at $3.30 and $3.65. A bullish divergence on the momentum indicator has seen prices bounce from …
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Dollar and Euro Await ECB Meeting The risk aversion that boosted the Greenback over the past week took a step back on Wednesday. The attempted push towards the 94 area faltered as it closed 0.32% lower. Dollar bulls took a breather…
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The precious metal is making some positive gains after prices closed flat for three consecutive sessions. The dollar weakness is also helping the commodity to post the gains. Earlier in the week, gold prices were trading close to the…
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Oil prices are showing signs of life with price action up over 2% intraday on Wednesday. This comes after the commodity fell sharply on Tuesday to a three-month low. WTI crude oil reversed direction after hitting 36.50. With prices…
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The British pound sterling is on a rebound after price lost the 1.3000 handle late on Tuesday. With the dollar trading softer, this has helped the pound sterling to recover some of the losses. However, it will be interesting to see…
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The euro currency is reversing some of the losses from earlier in the week. Price action is up, by over 0.30% intraday. The gains come mostly on the back of the US dollar which is currently retreating. The weakness in the USD…
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US beverage titan Coca Cola announced this week that it will continue to press ahead with plans to transition further away virgin oil-based plastic. They have committed to using only 100% recycled plastic (rPET) in two more markets; the…
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Options trading is a really popular alternative to trading most equities classes. But they are virtually non-existent among retail forex brokers. Forex options do exist, of course; but generally, you have to go to a bank or major trading…
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The EURUSD structure hints at an impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ⑤ is not yet complete as we are currently in the final part of the specified impulse. The uptrend is expected to end with the currency pair set…
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