Orbex - Forex Trading Library

The British pound sterling continued its bullish rally with prices briefly rising above the 1.3700 handle once again. However, the intraday gains were quickly scaled back as prices pulled back later in the day. As a result, the GBPUSD is…
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The euro currency is trading with some modest losses on Wednesday. The declines come after price action made a rebound just a few pips above the 1.2050 technical support. This rebound pushed prices to test their technical resistance…
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Shares in US streaming titan Netflix are trading firmly higher pre-market on Wednesday. Netflix has seen its stock price jump 13% out of hours in response to yesterday’s Q4 earnings release. While earnings per share were below estimates,…
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Joseph R Biden will be sworn in as the US' 46 President later today. Contrary to typical campaign speeches, "the first day" of a Presidency is primarily a protocol event. Following the inauguration, Biden will be signing a series of…
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The medium-term XAUUSD forecast structure shows a deep intermediate correction wave analysis (4). It takes the form of a minor triple W-X-Y-X-Z zigzag. Waves W, X, Y, and X are complete, whereas wave Z is still under construction. The…
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CHFJPY has been trading in an almost sideways market for the majority of the second half of 2020. The recent attempt to move higher out of the horizontal channel has been met with resistance. Prices now look towards the mean once again,…
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USDCHF(USDCHF): USD Crea Una Base Per Un Rilancio S2: 0.884     S1: 0.886     R1: 0.889     R2: 0.892 Fino a quando le quotazioni di USDCHF rimarranno sotto 0.892 le prospettive ribassiste, già delineate nei recedenti report,…
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The dollar index slid 0.25% lower yesterday as the 45th President exited the White House. Investors now look ahead to financial spending worth trillions of dollars. Joe Biden already unveiled a $1.9 trillion stimulus package that he…
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The precious metal is trading subdued, unmoved by the weaker US dollar. As a result, prices remain rangebound within the 1850 and 1818 levels for the moment. The stochastics oscillator also remains rather flat suggesting the sideways…
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WTI crude oil prices are posting a strong recovery with price action attempting to retest the previously formed highs. However, the reversal looks to be a bit fragile at the moment. As a result, if prices fail to break out above the…
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