Orbex - Forex Trading Library

The Canadian dollar has recovered a good portion of its losses against its American counterpart since the March 19th, 2020, high at 1.4668. USDCAD has maintained a sell-the-rally bias since then. The bearish move towards 1.39 is now…
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WTI Crude oil prices are up nearly 12% on the day. It was the fourth consecutive session of gains. With the price level at 17.80 being cleared, crude oil prices could be likely targeting the double bottom pattern’s target price of 25.00.…
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Gold prices are trading modestly flat with the bias staying mixed at the moment. Price action is caught between the resistance and support levels of 1712.50 and 1691.75. A breakout from this range could see a short term direction…
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The British pound sterling is back on the downside. The declines come as price action failed to capitalize on the bullish momentum from last week. GBP rose to 1.2642 highs before giving up the gains. Shy of the upside target of 1.2686,…
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The euro is paring gains from last week as price failed to breakout above the 1.1000 level of resistance. Gapping lower on the open, prices extended a steep decline, down over 0.60% on an intraday basis. This decline could potentially…
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GBPJPY is in a corrective structure in both short-term and medium timespans. The current downward formation suggests a 5-wave move into minor wave C as part of wave (B)’s A-B-C correction. With wave four of the 5-wave impulse…
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We've got two major regulatory events this week that could shake up markets a bit. With all the other major central banks already having their meetings, the RBA and the BOE are expected to continue the general wait-and-see trend. But,…
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GOLD (XAUUSD): Corregge Su Risk On Dell’Azionario S2: 1,665     S1: 1,680     R1: 1,715    R2: 1,745 Le quotazioni del Gold si trovano in prossimità di un importante supporto volumetrico stimato in area 1,650, controllato a quota…
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The test of the median channel trendline of the descending channel starting Sep 24, 2018, increased short bets. Naturally, above the $1.10 round level, investors sold euros in an attempt to take profits that have been running since the…
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Last Week’s Highlights US Q1 activity drops the most since the last recession The first-quarter economic activity in the world’s largest economy fell at a rate of 4.8%. This was the fastest contraction seen since the last economic…
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