Orbex - Forex Trading Library

The GBPJPY structure hints to a triple zigzag consisting of primary waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final wave Ⓩ is under development. This takes the form of a standard (A)-(B)-(C) zigzag. Intermediate sub-waves (A) and (B)…
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The meeting of OPEC's ruling commission hasn't even started yet, and there have already been issues. It was originally supposed to happen on Monday and Tuesday this week, with a declaration at the end of Tuesday's session. However,…
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USDJPY Rises Back as Trade Talks Resumes The US dollar has seen its sell-off stalled across the board as investors await new catalysts for the next directional move. While bargain hunting and short covering have helped the…
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DAX (Germany30): DAX In Correzione Di Breve Periodo S2: 12,659.2     S1: 12,759.3     R1: 12,985.9     R2: 13,112.2 Piuttosto agevole la lettura tecnica per l’indice DAX, che dopo aver reagito sui minimi di marzo a quota 8,200, si è…
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Last Week’s Highlights UK Economy Contracts the Most Since 1955 The latest statistics from the United Kingdom showed that the gross domestic product fell at the fastest pace since 1955 in the second quarter of this year. Data from the…
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The leading US index has managed to drift steadily higher. Price action closed near the previous all-time highs of 3388 at Friday's close. However, the doji patterns on the daily chart potentially suggest that price action might…
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Price action in the precious metal is showing a slowdown in the pace of gains. Following nine weeks of gains, gold prices ended the week on a bearish note. While price has managed to rebound off the lows near 1875, it has yet to…
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Oil prices continue to remain in a holding pattern. Price action fell back to the 42.00 level and oil managed to close slightly higher above this level. This week's OPEC meeting might help oil prices to gain some momentum. To the…
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The British pound sterling managed to post modest gains into Friday's close. Price action rallied towards the 1.3122 resistance level. Failing to clear this level, the cable ended the session on a somewhat weaker note. It is clear…
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The common currency is posting a steady gain against the US dollar as price closed in the green for the third session in a row. This comes after EURUSD fell to the support area near 1.1714 earlier in the week. However, the previous…
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