Orbex - Forex Trading Library

The British pound sterling reversed declines and is now currently trading near the previous level of 1.3500. As noted previously, if resistance is established here, then the GBPUSD could be heading lower. For the moment, the Stochastics…
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The euro currency reversed the declines from Monday and managed to post moderate gains on Tuesday. However, prices were met with the trendline resistance once again. After being rejected near this level, the euro currency is likely to…
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Gold Gold prices are trading mostly flat so far this week. Prices have reversed lower from initial highs posted on Monday. Price has turned lower in light of the strong rally taking place across equities markets in the final few days of…
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Recovery Continues Shares in JP Morgan are trading a little lower pre-market on Tuesday. This is despite the better tone to risk markets this week. Shares in the bank have rallied firmly over recent months, however, trading higher by…
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The current USDCHF structure shows the formation of a bearish cycle impulse c, consisting of minor sub-waves 1-2-3-4-5. Waves 1-2-3 are fully complete, whilst corrective wave 4 is under development. Judging by the internal structure,…
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Next week we have the final chapter in the 2020 US election saga. The reason that it's so important is that control of the US Senate hangs in the balance. Who controls the Senate has major policy implications, which in particular,…
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USDMXN has witnessed a downward spiral in prices during the last quarter. The descending channel that was highlighted in October seems to be apparent as prices look for a breakout. The recent bearish divergence noted on the momentum…
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DXY Remains Pressured The US index closed on a negative footing yesterday as it once again triggered the 90 handle. Even though a US government shutdown has been avoided, after the US fiscal stimulus is formalized, investors aren’t…
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The precious metal is on track to close flat on the day for Monday. This comes as prices attempted to rise intraday. However, as the momentum fizzled out, gold prices form a lower high. This could potentially trigger a short term…
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Oil prices maintained their bullish continuation with prices rising in early Monday trading. However, after rising to intraday highs of 48.94, the commodity gave back the gains, forming a lower high. If prices break down below the pivot…
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