Orbex - Forex Trading Library

The British pound sterling is posting gains as UK lawmakers back the newly negotiated trade deal with the EU. Price action managed to recover from the previous slump, after slipping to lows of 1.3429. Following this decline, the cable…
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The euro currency managed to continue posting gains. Price action rose close to April 2018 highs before easing back. The trendline is acting as dynamic resistance/support as prices continue to consolidate strongly around this level.…
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Shares in US vehicle maker General motors are trading a little lower pre-market on Wednesday. Shares have made a fairly steady recovery off the Q1 lows rallying over 200% of the mid 14 lows to highs of around 47. While some of these gains…
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The SPX500 structure shows a bullish cycle impulse consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern have ended, with the primary correction wave ④ being an intermediate flat. Intermediate waves…
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USDCHF(USDCHF): USD Su Importanti Supporti S2: 0.8785     S1: 0.8814     R1: 0.8885     R2: 0.8927 Fino a quando le quotazioni di USDCHF rimarranno sotto 0.9 le prospettive ribassiste rimarranno invariate. Pur tuttavia è evidente…
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Stock markets in Europe have been moving higher this week. The European Commission reported that they had made progress on securing an investment deal with China. The deal has been on the negotiation table since 2013, and has missed several…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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AUDNZD has witnessed a sizeable downtrend since the third quarter, with price dropping into the lower 1.04 region. A brief rally to the top end of the descending channel now sees prices wane, as resistance at the specified area eyes…
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The precious metal is on track to close on Tuesday with some modest gains. This puts price action to reverse the declines from the day before. For the moment, the overall trend remains flat. Within the short term price charts, the…
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Oil prices are turning higher, albeit price action remains relatively flat. A weaker dollar is helping to push the oil prices modestly higher. But the recent highs near 48.94 remains a lower high compared to the previous highs.…
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