Orbex - Forex Trading Library

The British pound sterling is trading weaker on the day following the break of the rising trend line. This could now potentially accelerate the declines lower to the 1.3122 level of support. But the Stochastics oscillator is currently…
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The euro currency is trading rather flat although the overall bias is to the downside. Price fell to a three-day low before recovering from the lows near 1.1816. On the 4-hour chart, the bullish reversal following the Doji pattern…
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Shares in US pharmaceutical company Pfizer have seen plenty of action over the last week. The company announced last week that itself and its German partner BioNTech had successfully proven their candidate COVID vaccine to be over 90%…
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Tomorrow (and over the weekend) we get a fairly broad cross-section of data from around the world. This data could give us some insight into the real impact the second wave of covid could have on the economy. October is an interesting…
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The current NZDUSD structure shows the formation of the final leg of the primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Wave Ⓩ consists of intermediate sub-waves (A)-(B)-(C) and is a simple zigzag. The first two parts of the zigzag are fully…
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Another Drop for the Buck The US Index lost further momentum on Wednesday as it ended the session 0.10% down. More ground was given up as the greenback now trades precariously towards the 92 region. Sentiment shifted on positive …
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EURTRY is currently consolidating around the 61.8% 10.19/8.43 downside Fibonacci leg, after the aggressive sell-off from its record high. This capped the biggest weekly surge against the Euro in years, as the focus now shifts on the…
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Crude prices have been higher again this week with the market bolstered by the broad pickup in risk appetite. Risk assets, including oil and other commodities, have been higher in response to further vaccine news. Inventories Rise…
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The precious metal continues to trade flat and in a rather tight range. This comes as price action remains supported above the 1850 level in the longer term. However, the daily candlestick pattern indicates a possible move to the…
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Crude oil prices are back on the front foot after posting moderate declines on Tuesday. Price action is up over 1.5% on the day with the 41.00 level of support holding prices for the moment. However, this means that oil prices need to…
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