Orbex - Forex Trading Library

As with all political issues involving legal technicalities, the reality of the situation is a lot more complicated than what the fervent followers of either side of the political spectrum might like. But, given that it might have some…
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EURCHF(EURCHF): Euro Cristallizzato In Trading Range S2: 1.0743     S1: 1.0757     R1: 1.0784     R2: 1.0797   Sul finire dell’anno EURCHF è salito fino a 1.09 formando un massimo relativo per poi consolidare con supporto…
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USDCHF Sinks to 6-Year Lows The US dollar’s rebound has mirrored the pause in the equity market. This probably has more to do with profit-taking than anything else. Indeed, optimism is hard to fade when Janet Yellen,…
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Last week’s highlights Australia retail sales drop 4.2% in December The latest retail sales report from Australia saw some bad news as the total value of retail sales fell 4.2% in December. The data released by the Australian Bureau of…
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US equity markets rose to new all-time highs last week, cheering on the new administration. The S&P500 Index settled at 3839 on Friday, closing a tad lower after rising to 3868 on Thursday. The VIX index continues to remain around…
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Price action in gold remains stuck within a sideways range with the 1818 level of support holding up for the moment. The overall trend remains flat after gold price touched a new all-time high on 7th August 2020. This sideways shift…
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The recent bull run in the oil markets is slowing down with the commodity posting a flat close for two consecutive weeks now. On Friday, oil prices were testing the lower end of the sideways range between 53.77 and 51.87. This comes…
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The British pound sterling closed on Friday with losses, although price action remains firmly within the ascending price channel. The support level near 1.3500, clearly remains the major line in the sand. Further upside is likely to…
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The euro currency continued its attempts to break out from the resistance area near 1.2177 and 1.2144. However, price action closed somewhat flat, resulting in a Doji close on Friday. The Doji pattern in the resistance area could see a…
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