Orbex - Forex Trading Library

USDCHF remains in bearish trend Despite the recent short covering, the US dollar would need a stronger argument to make a meaningful U-turn. Massive liquidity from the $1.9 trillion stimulus package, which is expected to pass sooner…
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The precious metal fell to a seven-month low over the week before managing to recovery with bullish gains on Friday. Price action closed with gains after Thursday's doji pattern. This also comes near the support level of 1764. With…
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On Friday, WTI Crude oil prices closed with back to back losses. This led to the weekly price action closing in the red after prices briefly rose above 61.35 earlier in the week. The declines come after oil prices have been moving in a…
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The British pound sterling has closed with gains for six consecutive weekly sessions so far. The gains put the GBPUSD over a three and half year high, closing on Friday at 1.4018. This puts the currency pair near a multi-year…
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The euro currency managed to pull back after hitting a two week low during the week. Price action remains steady within the 1.2050 and 1.2144 levels for the moment. The overall trend remains flat with the key price level established.…
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USDJPY(USDJPY): Prospettive Positive Per JPY S2: 104.95     S1: 105.18     R1: 105.71     R2: 105.98  Configurazione negativa di natura impulsiva per il Dollaro Usa nei confronti della valuta nipponica, in raccordo alla precedente…
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Amazon Lower Pre-Market Shares in US tech company Amazon are trading a little lower ahead of the final stock trading session of the week. The company’s shares have seen very congested price action over recent months with price settling…
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Dollar Cut Short on Jobless Numbers The US index halted its recent ascent as it closed 0.33% lower on Thursday. The greenback slumped after the US government reported a larger than expected reading for initial jobless claims.…
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The price of WTI appears to have peaked in the middle of the week, as the weather conditions in Texas are improving. This, despite many refineries still shuttered in the region after the once-in-a-century cold front devastated the area.…
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