Orbex - Forex Trading Library

FedEx Rally Pauses Shares in US multi-national delivery firm FedEx are trading a little lower pre-market on Thursday. The current pause will be of little frustration to holders of the company’s stock given the impressive 200%+ rally seen…
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As illustrated in a Nature article published on Tuesday, scientists are puzzled by the preliminary results of covid tests. Given expectations and historic vaccination results, there appears to be something odd going on. And something…
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UKOIL shows a bullish trend which takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ is a bullish impulse, whereas wave Ⓑ is a correction in the form of a bearish (A)-(B)-(C) zigzag. Wave (B) is an intermediate contracting triangle.…
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EURGBP has been trading in an ascending channel since reaching lofty highs in September. Since then, we have seen several attempts to break higher from the channel, with many false attempts leading prices lower. Several hidden bearish…
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Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it closed below the 92 handle for the first time in 6 months. Today’s Thanksgiving festivities will be soured as the number of people filing for initial jobless…
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The precious metal is gaining some support off the 200-day moving average. Price action is closing flat on the day, which could signal some near term reversal. This would mean that gold could potentially rise to test the 1817.80 level.…
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Oil prices are continuing to hold the bullish moment. Prices gained over 2% on Wednesday as WTI crude oil approached the 45.00 level of resistance. However, to steer clear above this level, further gains are required. For the moment, we…
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The euro currency is posting strong gains as price action comfortably rose above the 1.1900 level of resistance on Wednesday. The gains come following consolidation between the 1.1900 and 1.1800 levels over the past few days. With…
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