Orbex - Forex Trading Library

The pound sterling failed to capitalize on the gains in the earlier sessions. This has pushed GBPUSD back below the key price level of 1.2485. Given that this is the upper end of the previous range, there is scope for prices to…
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EURUSD is down over 0.70% intraday. The declines come as the USD is strengthening for the second consecutive day. Following yesterday’s pullback from the initial decline to 1.0860, the price level near 1.1055 held up amid selling…
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This is it! This is the moment many have been waiting for since China said they'd managed to control the COVID-19 outbreak and would start reopening the economy. How much of an impact did the outbreak have on the world's second-largest…
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Gold prices are down about 0.40% intraday. The declines come after prices briefly rose to highs of 1747.04 on Tuesday this week. Despite the retracement, price action in gold remains solidly poised to the upside. The lower support…
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Crude oil prices continue to push lower, losing over 5% on Wednesday. The declines come as forecasts for the global outlook for crude oil indicate a sharp fall. This comes just a day after Saudi Arabia and Russia agreed to production…
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The pound sterling lost some ground, down over 0.80% intraday. However, prices are recovering after the level near 1.2485 didn't manage to stall the declines. The Stochastics oscillator is hinting at a potential hidden divergence.…
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EURUSD is down over 0.60% on the day. This came as price strongly broke past the price level of 1.1055. However, the euro quickly reversed the declines. Price action is back near the 1.1055 level for the moment. A breakout above…
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The GBPJPY structure shows a corrective bearish trend consisting of minor sub-waves A-B-C. Wave A is a 5-wave bearish impulse, whereas wave B is a triple zigzag consisting of primary sub-waves ⓦ-ⓧ-ⓨ-ⓧ-ⓩ.The impulse wave C is currently…
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Brent oil is tracking WTI's move lower, trading under the $28 handle for the day so far. The weekly chart above paints a good picture. After finding a bottom at the $21.64 level, brent made an impressive rally and tested the $36.11…
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Unemployment figures are likely going to be the key to assessing the longer-term impact of the coronavirus lockdowns. While companies can restart operations fairly quickly on a technical basis, the loss of qualified personnel means that…
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