Orbex - Forex Trading Library

The current USDCAD structure hints at a standard bullish zigzag Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ have completed their course, whereas wave Ⓒ has a little more room to conclude its impulsive 5-wave move. At the time of writing, the bearish…
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China so far has given every appearance of a V-shaped recovery after officially getting a handle on the COVID-19 outbreak in February. Of course, at the time, the outlook was bleak. But, a month later, corporate expectations jumped back…
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The descending channel starting January 3rd, 2017 suggests that the 106 round support is a critical intercession level of the center channel trendline and price. For USDJPY to reach out to the said level, bears need a successful break of…
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NASDAQ 100(NAS100): Verifica Di Importanti Resistenze S2: 8,505.2     S1: 8,591.4     R1: 8,841.1     R2: 9,090.8 Continua la prepotente ripresa rialzista per l’indice Nasdaq100 che in due e ben definite fasi di re-coil avvicina i…
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Gold prices are bearish for the third consecutive day. This comes after the support area at 1712.47 failed to stall the precious metal from further declines. After losing this technical support, gold prices fell to intraday lows of…
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Crude oil prices are down close to 5% on the day following a 24.8% decline from the day before. Price action in WTI continues to remain volatile and erratic. However, prices are now back near the previously held support of 10.58. This…
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The pound sterling rose to a 6-day high hitting intraday highs of 1.2518 before giving back those gains. This comes as prices reversed near the upper end of the range at 1.2485. If the bearish momentum continues, we expect GBPUSD to…
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The euro currency is posting modest gains, albeit price action remains firmly entrenched within the corridor of 1.0905 and 1.078 price levels. The rebound comes as price action is lifted by some bullish momentum. This is following the…
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The USDCHF structure suggests we are on a bullish zigzag consisting of the primary waves Ⓐ-Ⓑ-Ⓒ. At the time of writing, the market is down in correction wave Ⓑ. Wave Ⓑ resembles a flat pattern that consists of intermediate sub-waves…
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It's here. After all the talk about recession and how bad the COVID-19 effect will be on the economy, we get the first official GDP numbers from the two largest economies in the world (and Canada; we mustn't forget Canada). The outbreak…
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