Orbex - Forex Trading Library

WTI Crude oil prices managed to break past the 33.66 level of resistance after a bit of consolidation on Monday. Price action, if it continues, could see further gains coming along. But with the volatility in crude oil currently…
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The GBPUSD currency pair is up almost 1.3% intraday. The gains follow after the technical bullish resistance which formed in the previous sessions. This is validated with prices breaking past the technical resistance level of 1.2277.…
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The single currency caught a bid as the dollar was soft. As a result, the EURUSD is rising over 0.65% intraday. Prices remain well below the resistance area of 1.1000 level for now. Given the positioning in the Stochastics oscillator,…
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Dollar Cost Averaging, or DCA for short, is an investment strategy. It's also called a constant dollar plan. It's different from a forex trading strategy because it's about how a trader manages money for long term investment purposes.…
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The EURCHF currency pair broke above the descending trendline starting Mar 26 recently, marking a 3-month high. With a number of retests having turned the trendline into a support, more upside can be expected. The RSI (9) divergence…
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The precious metal is trading on a soft note with prices down about 0.5% intraday. This comes as gold trades within the consolidating wedge pattern. At the time of writing, prices are trading just below the rising trend line. But…
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The British pound is slowing drifting lower, but amid the consolidation, we see a higher low forming. This potentially suggests that the currency pair is forming a bottom. Adding to this view is the strong bullish divergence we are…
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Crude oil prices are trading rather flat with price action failing to post any strong moves. WTI Crude oil is flirting with the technical resistance level of 33.66. This follows the price action from last week. With a lower high…
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The EURUSD currency pair briefly managed to rise off the support area near 1.0885 – 1.0879 level. However, this bounce saw prices falling back once again, giving up modest gains. For the moment, the consolidation appears to continue.…
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