Orbex - Forex Trading Library

The British pound sterling gave back some of the gains on Friday, to close on a bearish note. This move saw price action falling back to the familiar support of 1.3300. This also resulted in the rising trend line being breached. If we…
Read More

The euro currency closed on the higher side on Friday, following a flat close on Thursday. The gains come as the rising trendline sees a lot of activity. Price action is finding support off the rising trend line, pushing prices higher.…
Read More

Shares in Bank of America are trading a little higher pre-market on Friday. The company’s share price continues to extend its impressive rally off the October lows. BAC has benefitted sharply from the broad upturn in risk assets sparked by…
Read More

Turkey is scheduled to report its third-quarter GDP figures on Monday. For many traders, it will be at the end of an extended weekend. The economic situation in Turkey is, shall we say, complicated. Even though the data is relatively old at…
Read More

AUDNZD(AUDNZD): Oro, “Palla Al Piede” Per l’AUD S2: 1.0474     S1: 1.0489     R1: 1.0522     R2: 1.054 La MM a 20 periodi su Tf a 4h che staziona a 1,0505, costituisce un efficace livello di resistenza sul breve termine per AUDNZD…
Read More

EURCHF witnessed bullish momentum in the early part of November, pushing prices past the €1.08 area. A period of consolidation resulted in a spike at monthly highs aided by a hidden bullish divergence. However, since then, bears have…
Read More

Dollar Shows Modest Gain, But Worries Continue The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday. President Trump has signaled that he is prepared to leave the White House,…
Read More

Gold Gold prices have come under heavy selling pressure this week. The safe-haven asset broke below the 1862.07 level which has underpinned price action since July. The sell-off was fuelled by the continued risk-on move which is sweeping…
Read More