Orbex - Forex Trading Library

USDCHF retreats to major support The US dollar is treading water as traders await inflation data which would dictate the next movement. The greenback has fallen back to test the medium-term support (0.9210) from the daily chart…
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In today’s video, our Head of Investment Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us. Asset TimeStamps are as follows: DXY 00:40​​ GBPUSD 05:00​​ USOIL 05:30​​…
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Chinese tech giant Alibaba​ has accepted a record penalty imposed by the country's anti-monopoly regulator. Regulators​ slapped a $2.8bn fine after a probe determined that it had abused its market position for years. Amazon​ has…
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The difference in vaccine rollout within Europe is most likely to have a major impact on the respective economies. Just as the UK moved to reopen certain non-essential businesses, Germany was headed in the opposite direction. The…
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The BABA formation currently hints at the construction of a cycle impulse wave. Bearish correction IV is under development, which takes the form of a primary zigzag and consists of sub-waves Ⓐ-Ⓑ-Ⓒ. Impulse wave Ⓐ and correction wave Ⓑ…
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The precious metal has been trading within the confines of the 1760 and 1676 levels for over a month. Price action remains within the downtrend as seen from the larger declining price channel. Within this price channel, we also have a…
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GBPUSD meets critical support The pound falls back as traders take profit after a strong performance from the start of the year. The price action has retreated to March’s low at 1.3670, a support on the daily chart to keep the…
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SILVER (XAGUSD): Reazione Tecnica Per L’ Argento S2: 24.16     S1: 24.69     R1: 25.70     R2: 26.15 Come commentato nel precedente report, l’Argento dopo l’esplosione rialzista con target centrato in area 30, cioè su 2 STDV…
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EURUSD struggles amid lockdowns A pullback of the US dollar has given the euro some breathing room but economic divergence may keep the latter under pressure for a while. A string of upbeat US data has helped shift sentiment in…
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