Orbex - Forex Trading Library

The euro currency closed on Friday, down 0.84%. The declines came following the corrective rally which started on 31st March this year. Price rose an impressive 3.5% from the March 31st close. However, following this correction, there is…
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EURUSD retraces to major support The euro pulled back after the block’s CPI dropped to 0.8% in April. Though the pair maintains its bullish trajectory from the daily chart’s perspective, a healthy pullback seems necessary for buyers to…
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USDCAD falls as markets price in BoC tapering The Canadian dollar continues to outperform its southern neighbour as their central banks’ attitudes diverge. The BoC’s hint at normalizing its monetary policy next year, sooner than the…
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India is the largest manufacturer of vaccines in the world. In fact, medical manufacturing is kind of a specialty in India. It's no surprise that the general idea was that India would be the backbone of the world's medical response to…
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The current AMZN structure hints at the development of a bullish impulse trend. We see that the market has completed the primary wave ③, followed by a corrective wave ④. It seems that this correction is complete, it is a double zigzag…
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S&P500 Fut. (US500): Rialzo Scalato Senza Strappi S2: 4,080    S1: 4,125     R1: 4,202     R2: 4,232 S&P 500 Future continua a spingere sulle resistenze maggiori cercando di superare quota 4.200, al momento senza riuscirci…
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USOIL speeds up runaway rally WTI crude oil gained momentum after EIA data showed a sharp reduction in US inventories. The bullish momentum has accelerated following a breakout above the intermediate resistance level at 64.3. The…
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It is widely anticipated that the EU area would register negative growth during the first quarter. That would put the shared economy officially back into a recession, though technically. The remaining question for tomorrow's data release is…
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On the 1H timeframe, we see that the second half of the bullish impulse is currently under development. The market has completed the development of the horizontal correction ④, which is a flat (A)-(B)-(C). Then the price started to move…
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