Orbex - Forex Trading Library

The British pound sterling was trading stronger on Tuesday as Brexit talks gain steam. Despite the modest gains, the GBPUSD is well within the confines of the 1.3300 level of resistance and 1.3122 level of support. A breakout from…
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The euro currency is trading weaker following a steady intraday gain. Price rose to highs of 1.1893 before pulling back after nearing the 1.1900 level. If price continues to push lower, then the lower high could signal a shift to the…
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Q3 Earnings Miss Shares in French airline Air France have been trading in a better tone over recent days. This comes despite the poor Q3 earnings reports and weaker guidance for Q4. The rally has been largely a result of the better risk…
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The current USDCHF structure hints at the end of the bearish triple zigzag Z of a cycle degree. Intermediate impulse wave (1) has completed whilst the bearish correction wave (2) is still under development. In the short term, we could…
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NZDCHF has witnessed a gradual ascension from its yearly low status in the first quarter. For most of October and November, prices fell out of the channel as the pair tested the 0.60 region. The recent trend has seen a reverse into the…
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Stocks Boom Amid Dollar Gloom The US index closed 0.18% lower on Monday, losing ground for the third consecutive session. Investors are still trading on a mixed risk setting as the greenback acts as a tug-of-war from record virus…
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The precious metal did not react much to the latest COVID-19 vaccine news from Moderna. While price initially slipped, gold prices managed to stabilize into the close. For the moment, the support level near 1850 is firmly established.…
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Crude oil prices did not react much to the latest news of Moderna joining the ranks of other pharmaceutical companies announcing the COVID-19 vaccine. Price action was soft for the most part of the day. Oil prices managed to recover past…
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The British pound sterling is trading soft on Monday with price action supported above the 1.3122 level. For the moment, the sideways range is likely to persist with the 1.3300 level coming in as resistance. A sideways consolidation…
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The gains in the euro came to a standstill as price action remained trading close to opening prices on Monday. However, the common currency is well supported above the 1.1800 level for the moment. The Stochastics oscillator is likely…
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