Forex Trading Blog and Market Insights

EURUSD Retraces to the 1.2144 Price Level

Orbex Jan 20, 2021 430 0

The euro currency is posting a strong retracement following the decline close to the 1.2050 level of technical support. The current rebound has pushed price action to test a minor support level near 1.2144. With the stochastics…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2021-01-19

Gregor Horvat Jan 19, 2021 341 0

In today’s advanced ElliottWave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FXMajors, and Commodities and discover how he applies EW principles to come up with his…
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Stocks

Bumper Q4 Results For JP Morgan

Orbex Jan 19, 2021 435 0

Shares in JP Morgan are trading a little higher pre-market on Tuesday. The bank’s shares have been on a firm rally over recent months with price surging higher off the 91 level lows recorded in September 2020 to recent highs above the 141…
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Fundamental Analysis

Upcoming Major Interest Decisions: BOJ, ECB & BOC

Daniel John Grady Jan 19, 2021 591 0

After the start of the year adjustment in the markets, risk sentiment has taken a bit of a hit lately. Stock markets are underperforming, and the dollar is getting stronger. Generally, this is attributed to worries about potential delays…
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GBPUSD Cycle Triangle Completion

Roman Onegin Jan 19, 2021 3,041 0

The GBPUSD cycle trend shows that the last wave e of the global triangular figure has come to an end. At the time of writing, we are at the beginning of constructing a new bearish impulse wave of the intermediate degree. Impulse wave…
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Technical Analysis

CADCHF Looks for Mean Bounce

David Kindley Jan 19, 2021 455 0

CADCHF has been trading in a slight ascending channel for the last 6-months. After moving away from the lover channel at the start of the year, prices are once again testing the mean. Should prices bypass the mean and move higher, this…
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Fundamental Analysis

Trump’s Final Farewell

David Kindley Jan 19, 2021 556 0

Dollar Pulls Slightly After Yearly High The dollar ended slightly lower at the start of the trading week after its ascent to 3-week highs. The risk aversion mood remained unchanged despite positive results from the Chinese economy…
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Technical Analysis

Gold Rebounds off 1817 Support Level

Orbex Jan 19, 2021 547 0

The precious metal touched down below 1817 intraday to a one-month low. However, prices quickly reversed losses to rise above this technical support. For the moment, prices remain above the 1817 level and could see some upside. But only…
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Technical Analysis

Oil Prices Attempt a Modest Rebound

Orbex Jan 19, 2021 536 0

WTI crude oil prices posted a rebound following the declines from last week. Prices got a boost early on Monday following stronger GDP numbers out of China. However, the current retracement remains somewhat subdued. Unless we see a…
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Technical Analysis

GBPUSD Trades Flat Above the 1.3050 Technical Support

Orbex Jan 19, 2021 394 0

The British pound sterling extended declines but managed to post a reversal above the 1.3050 level of technical support. The rebound comes as prices fell through the 1.3611 level of support late last week. The declines open the way for…
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