Orbex - Forex Trading Library

The current USDCNH structure hints to the formation of a corrective wave b. The market saw a decline after completing the bullish impulse a. Wave b is a double zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The intermediate impulse (A)…
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USDZAR(USDZAR): Dollaro In Affanno Sul Rand S2: 16.498     S1: 16.611     R1: 16.869     R2: 17.016 L’importante progressione ribassista per USDZAR sembra essersi esaurita, con il Dollaro USA che ha trovato sostegno in area 16.50…
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XAUUSD entered consolidation after a bearish pullback from recent record highs. The pair has seen a bullish momentum since the beginning of April. It has remained above the $1900 area indicating a possible move to the upside. The…
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US stocks dipped on Thursday as all three major indices closed lower. Profit-taking was apparent as the indices continued to set record highs this week. The Nasdaq closed 5% lower, whilst the S&P and Dow fell by over 3%. Apple…
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Gold Despite some initial highs seen earlier in the week, buying pressure has reversed in the yellow metal for the week. This caused the safe-haven to go negative on the week following a large sell-off on Wednesday. The sales seen…
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The precious metal remains weak as price fell for the second day. However, the pace of declines was limited as XAUUSD is currently helped by the long term rising trend line. With the Stochastics oscillator in the oversold level and the…
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The declines in oil prices continue as prices touched a one-month low at 40.20 on Thursday. The declines come following a rebound in the US dollar. With prices trading near the 40.00 level, we could expect the sideways price action to…
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The British pound sterling lost the 1.3300 level of support on Thursday. Price action remains biased to the downside. However, the declines might find support off the dynamic resistance from the rising trend line. To the upside, we…
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The euro currency continues its declines for the third consecutive day, as the ECB meets in a week's time. The common currency touched down to a weekly low of 1.1789 before pulling back into the start of the European session. The…
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P&G Shares Higher Again on Thursday Following a 1.7% rally yesterday, shares in Procter & Gamble (the largest global producer of consumer goods) are trading higher by 1.69% pre-market on Thursday. The US company has enjoyed…
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