Orbex - Forex Trading Library

Shares in Chinese tech company Alibaba are trading a little higher pre-market on Wednesday. The company’s share price has been on a recovery mission over recent months. Following the steep declines from the 2020 highs around the 320 level…
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There is quite a bit of market anticipation ahead of tomorrow's BOE meeting. In fact, there is the potential for some market-altering announcements. With the interest rate at 0.1%, there has been increasing speculation that the BOE might…
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AUDCHF has been finding upside momentum since the back end of 2020, with prices hitting multi-year highs. More importantly, the recent trend has seen a bounce off the engulfment of the Ichimoku cloud, indicating that the current trend…
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USDZAR(USDZAR): Dollaro In Tenuta Contro Rand S2: 14.555      S1: 14.75     R1: 15.375     R2: 15.659 L’importante progressione ribassista per USDZAR sembra essersi esaurita, con il Dollaro USA che dopo aver trovato sostegno in area…
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Investors Await PMI and ADP The US index found resistance at propelling through the 91 barrier yesterday. However, it did manage to close slightly higher as the session wound to a close. The rising risks in the market associated with…
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The precious metal broke past the 1850 level of support on Tuesday. The declines come as price action was consolidating between the 1850 and 1874 levels. If the current pace of decline continues, then we expect to see a move to the…
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Crude oil price finally broke out from the range it has been in for nearly three weeks. The strong upside breakout pushed the commodity toward a new one-year high. A pullback is likely to occur in the near term toward the upper range…
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The British pound sterling is extending declines after losing the support from the trendline of the ascending wedge pattern. With price action now clearing the ascending wedge pattern, further downside is likely. As the Stochastics…
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The euro currency finally fell to the support level of 1.2050, testing the level more firmly. While price action is trading below this level, we could expect to see some consolidating taking place. The Stochastics oscillator is also…
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