Orbex - Forex Trading Library

Oil prices did not make any major gains in the last session. Rather, price action was trading off the previous highs. The consolidation near the price of 25.00 continues. Although the Stochastics oscillator is hinting a possible…
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The British pound managed to post a modest recovery after validating the bearish head and shoulders pattern. But, prices quickly rebounded after hitting the target of 1.2277. This rebound has led price action to retrace the declines,…
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The euro currency managed to rebound slightly after trading below the trend line. The rebound saw prices pulling back higher. Although this should potentially make the case for further gains,  price action in EURUSD remains weak to the…
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The current EURUSD structure hints to a zigzag consisting of waves Ⓐ-Ⓑ-Ⓒ. The primary wave Ⓑ of the bearish pattern is a zigzag. Wave Ⓑ of (B) seems to have taken a triple zigzag W-X-Y-X-Z formation. The bullish price action suggests…
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GOLD (XAUUSD): In Upside Verso I Massimi Di Periodo S2: 1,668.48     S1: 1,1697.13     R1: 1,741.23     R2: 1,785.33 Il Gold riprende a marciare in dissonanza con i maggiori input di natura intermarket, come la forza del dollaro e la…
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Euro has been on a defensive stance across the board recently. Riskier assets, on the other hand, have been upbeat. This was led by the upside in WTI oil's upside and by economies re-opening. Will it last though? And if yes, how long…
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Markets have a tendency to, shall we say, overreact. After all, the trick is to get in the market before it moves, causing people to pile on rumors and drive prices on rollercoaster rides. We needn't look further than the reaction to the…
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Gold prices are back up, trading close to 0.90% on the day. This marks a reversal of the declines from the previous session. Price action is trading above the 1691 level for the moment. The trend line will be of interest. An upside…
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The bullish price action in crude oil continues following a dip back to the price level of 25.00. However, following this minor pullback, WTI crude oil prices are rising higher once again. If prices do not post any meaningful highs…
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The British pound completed the downside target of the head and shoulders pattern. Price briefly tested the lower range level of 1.2277 before pulling back slightly. We expect a more firm test of this level in the near term. The…
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