Orbex - Forex Trading Library

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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Shares in US energy company Chevron have been under pressure over recent weeks with the company’s stock price reversing from 2021 highs in the mid 95s to current lows around mid 86. The failure at the mid 95s is the second time that Chevron…
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At this point, everyone knows about the Main Street vs Wall Street battle started on Reddit against Hedge Funds. It's awesome that trading is getting a lot more attention. But while it's fun to talk about, savvy traders need to look…
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USDTRY has witnessed a dramatic fall from record highs at the back end of 2020. Sinking to a 6-month low, prices now test the lower $7 region with momentum firmly resting to the downside. Prices attempted to test the long-term resistance…
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Greenback Looks Firm on ISM The dollar index closed 0.53% higher on Monday after finally maintaining its grip above the 91 handle. ISM figures saw manufacturers growing a bit slower in January. However, it also showed that companies are…
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The precious metal continues to trade flat amid the US dollar strengthening. While prices have managed to stay afloat above the 1850 level of support, the upper resistance level near 1874 is proving hard to break. As a result, gold…
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WTI crude oil prices are posting modest gains rising over 1% on Monday. This comes as prices briefly slipped below the lower end of the range near 51.87. Despite the current pace of gains, oil prices remain stuck within the range between…
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The British pound sterling is also on track to post declines following a period of consolidation since last week. Price action is currently testing the lower trendline of the ascending wedge pattern. A continuation to the downside could…
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