Orbex - Forex Trading Library

Crude oil prices continue to trade softly with prices holding on above the 40.00 handle. But price action is now challenging the rising trend line from below. A breakout above this trend line will confirm a further upside in oil prices.…
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The Pound sterling broke out above the key resistance level of 1.2516. Fundamentals drove the gains. Talks of Brexit dinner raised hopes that the UK might be able to move forward with a deal. From a technical perspective, GBPUSD is…
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The euro currency is trading mixed with prices confined within Monday's range. In the short term charts, we see the euro holding on to the support area near 1.1261. We now expect the consolidation between the 1.1261 support and 1.1347…
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On June 25, the Federal Reserve quietly issued an order to the 30 largest banks in the US, banning them from engaging in stock buybacks and limiting the number of dividends they can pay. It didn't get all that much media coverage because…
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GBPAUD downside distribution emerged in weighty steps. Prices fell from a top of 2.0855 down to a recent low of 1.7860. The deep, however, is poised to end. This can take shape near the lower support of the regression channel starting in…
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The precious metal is recovering following last week's decline from a fresh nine-year high. Price action is trading around the 1783 level with the 4-hour chart signaling a Doji candlestick pattern. This could potentially either signal…
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Oil prices are somewhat bullish on Monday. Price action is modestly trading above the 40.00 handle. But crude oil is not out of the woods yet. A clean breakout above 40.00 is required to confirm the upside bias. For the moment, prices…
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The pound sterling is seen holding its ground against the US dollar. Prices are up a modest 0.14% as the cable attempts to test the 1.2516 resistance level. The cable initially pulled back after testing this level just last week. A…
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The euro currency made some gains on Monday as price action tried to break out from the triangle pattern. Prices briefly tested highs near 1.1347 before pulling back toward the close of the European session. The overall trend in…
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