Orbex - Forex Trading Library

The euro currency broke the support level near 1.1750 on Monday. This came after last Friday saw price action testing this area. The strong close below this level could see possible declines further. But for the moment, there is scope…
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The current USDCNH structure shows a bearish impulse. It consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, correction wave (4) is under construction. Wave (4) consists of minor sub-waves A, B, and C, and it…
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Shares in US banking firm Citigroup are trading 1.7% lower pre-market on Monday. Price has remained within a tight block of consolidation since the group reported Q2 earnings in mid-July. This is despite better than expected results.…
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Central banks are expected to remain generally on hold for the summer. However, with the recent uptick in coronavirus cases around the world, many analysts are starting to speculate that they might look for ways to increase stimulus.…
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USDJPY Sinks as Hope of Swift Recovery Fades Confidence in the greenback has been shattered as the US is still grappling with a record surge in infection cases. Now that President Donald Trump has raised the possibility of delaying…
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DAX (Germany30): Indice Tedesco In Stallo Correttivo S2: 12,048     S1: 12,199     R1: 12,509     R2: 12,667 DAX in congestione di breve periodo, mente per proiezioni più ampie è sempre incanalato al rialzo con una struttura ben…
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The rally in gold is taking a pause as price action has barely managed to post any new highs. The 1981 price region is proving hard to breach for the momentum. Despite this, a breakout above this level might see gold prices easily…
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Oil prices managed to pare some of the losses from the day before on Friday. But price action closed somewhat flat into Friday's session. The break down of the trend line could suggest a possible decline further in the near term.…
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The pound sterling finally made the final push to rise above the 1.3122 target level on Friday. But price action quickly gave back the gains into the close. Still, GBPUSD was just a few pips away from a six month high. The current…
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The common currency erased the intraday gains on Friday after prices rise to a new high, briefly testing the 1.1900 level. Price action on Friday closed on a bearish note. But on a weekly basis, EURUSD gained for six consecutive weeks,…
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