Orbex - Forex Trading Library

WTI crude oil prices were a tad weaker on Friday. The commodity fell below the 33.66 level which has played a key role so far. If oil prices fail to settle above this level in the coming days, we could expect to see some corrections.…
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The pound sterling is gradually falling back albeit consolidating right near the falling trend line. The declines were triggered after GBPUSD failed near the resistance level of 1.2277. Prices are now inside the new range with the…
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The euro gave back the gains after the 1.1000 level proved hard to breach. This sent the common currency lower. Price is trading just a few pips off the support area at 1.0885 – 1.0879. We expect some stronger consolidation to take…
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The USDCNH structure shows a bullish trend consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern appear to be fully complete. After wave ④ completed in a triangle correction, we saw the pair start to rise…
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It turns out that Bill Gates has quite a bit of involvement in the COVID-19 outbreak. Which doesn't come as a surprise to anyone who has been following his activities since he dramatically scaled back his participation in Microsoft and…
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The German DAX struggled to break back inside the ascending channel starting Sep '11. In fact, the breakout from the regression line back in February was huge. The index lost nearly 50% of its value within a period of three weeks; from the…
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HANG SENG (HK50): Trading Range Senza Spunti S2: 23,354.7     S1: 23,817.3     R1: 24,647.3     R2: 25,477.3 Continua a lateralizzare l’indice Hang Seng, compresso da tempo tra quota 23,000 e 24,500, in assenza di segnali chiari a…
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The precious metal gave up the gains and as a result, price action posted a lower high. This came in right near the resistance level of 1747.00. Following this, gold prices fell further as price action is now in consolidation. The…
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WTI Crude oil prices are up over 2% intraday on Thursday. The steady bullish trend in the commodity has pushed prices above the 30.00 threshold for the first time since mid-March. If this bullish momentum continues, crude oil will be…
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The British pound promptly retreated after rising to the 1.2277 level. This potentially indicates resistance at this level. However, the trend line is coming in as dynamic support, and price action is consolidating around this trend…
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