Orbex - Forex Trading Library

The euro currency snapped strongly above the 1.2050 level, but price action formed a lower high. The hidden bearish divergence on the chart could, however, see prices pushing lower. To the downside, the euro currency is forecast to…
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Earnings Beat Shares in Microsoft are trading a little lower ahead of the US open on Tuesday. Following the recent breakout from 2021 lows, the company’s stock price has rallied from around the 216 level to recent highs of 245. Price is…
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With demand still under pressure in the middle of a pandemic, it might seem odd to talk about inflation. Especially with jobs growth stagnating, as we saw with last Friday's NFP report. But this is the scenario that an increasing number of…
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AUDJPY price action was trading in an ascending channel for the last few months of 2020. The bullish intent was met with exhaustion after the long-term bearish divergence finally saw prices move lower. Since then, a long period of…
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Dollar Continues the Sell-Off The US index fell 0.11% lower on Monday, falling through the 91 level. As a second economic stimulus package draws closer, sentiment could shift further as this would create more debt and likely weaken the…
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The precious metal is posting solid gains on Monday rising well over 1% during the day. This rebound follows through from Friday's reversal. Price action managed to close above the 1817.80 level. However, with the stochastics…
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WTI crude oil prices continue to post strong gains. Price action is now on track to post six consecutive days of gains. This has also pushed oil prices to highs last seen in February 2020. However, the current pace of gains comes with…
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The British pound Sterling is consolidating near the previous highs. However, price action is yet to make any significant breakthrough at this level. The current consolidation near the previous highest comes as the currency pair made a…
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The euro currency is trading rather subdued today following a sharp reversal on Friday. Price action rallied back to the technical resistance area of 1.2050. However, after a brief intraday breakout above this technical resistance, the…
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