Orbex - Forex Trading Library

The common currency closed the week with one of the strongest gains in over a month, closing at 1.1655. It also marks a fifth consecutive weekly gain. Looking at the long term charts, price is now trading in the resistance area between…
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Did you know why we witnessed a bearish reversal in equities? Despite seeing upbeat earnings from Tesla and Microsoft, US-Sino tensions and rising Covid-19 cases have led to heavy selling. Will equities recover to fresh all-time…
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The SPX500 structure hints at a bullish impulse. It consists of primary sub-waves ①-②-③-④-⑤. The first four parts of the 5-wave pattern are complete, whereas wave ⑤ is currently under development. With waves (1)-(2)-(3) completed, we…
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Shares in US airliner American Airlines are trading slightly higher pre-market on Friday following a better than expected loss in Q2. The group posted losses of -$4.82 per share versus expected losses of -$7.84 per share. Revenues were…
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This quarter is going to be quite different than the last one. There is growing confidence that at least economically we're not going to have a "second wave", and Q3 will be the quarter for recovery. That means that there are some…
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USDCHF(USDCHF): Dollaro Alla Ricerca Di Un Supporto Sul Franco Svizzero S2: 0.9203     S1: 0.9227     R1: 0.9287     R2: 0.9323 USDCHF abbandona il supporto a 0.937 mettendo nel radar il minimo di marzo a 0.918. La resistenza più…
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Gold The yellow metal saw an impressive rally this week, fuelled by the sell-off in the US dollar, which has seen price trading back up towards all-time highs. The dollar has come under significant selling pressure this week as concerns…
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The bullish continuation in the precious metal continues with gold rising close to one percent on Thursday. Intraday prices saw gold rising to highs of 1898.24 before pulling back. Price action is just a few dollars away from the…
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Oil prices are back trading below the 42.00 level. Price action made attempts in breaking out above this key price area. However, sellers promptly pushed prices lower. WTI Crude oil is now trading flat within the 42.00 and 41.00 levels.…
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The pound sterling is trading rather muted with price action struggling to break out from previous session highs. GBPUSD rose to highs of 1.2743 following which prices pulled back sharply. At the time of writing, GBPUSD is attempting…
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