Orbex - Forex Trading Library

Tomorrow, we will be getting retail sales data from Australia and the EU. The figures will likely point to an increase in consumer spending. This is as a result of the general public stocking up on food and other basic necessities in…
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Gold prices broke down below the support level of 1591. This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again. If resistance forms here,…
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Oil prices are trading slightly higher with prices rising modestly, by 1.50% intraday. However, prices remain strongly below the 22.00 handle meaning that there is still a downside risk. For the moment, price action is caught in the…
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The British pound has been trading flat since late March. Prices are caught within the range of 1.2485 and 1.2277. A breakout from this channel is likely to occur in the near term. Given the upside bias prior to this range, we expect…
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The euro currency continues to decline after failing at the resistance level of 1.1055. Even further declines could come in the near term. The downside target is at 1.0787 where support will most likely form. However, we could expect…
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The current USDCNH structure indicates that the market is currently forming the final part of a large bullish zigzag consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Impulse wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5).…
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GOLD (XAUUSD): Forte Richiesta Sull’Oro Fisico S2: 1,560.47     S1: 1,578.53     R1: 1,630.13     R2: 1,681.73 Nella sessione precedente i prezzi dell’Oro hanno accusato una flessione, spostandosi nella parte bassa di un “pennant”…
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The pandemic has caused ripples in equity markets, and indices everywhere have been getting the brunt of it all. After huge losses initially, there has been relief provided by central banks around the world. These have slashed interest…
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The precious metal is trading a bit weaker, down over 0.50% on the day. Prices are trading near the 1595 handle. But a strong rebound off this level is keeping the upside intact for now. To see further gains, XAUUSD will need to break…
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