Orbex - Forex Trading Library

The precious metal is consolidating into a sideways range after falling below the 1817.80 level of support. On the daily chart, we have the long term support coming from the 200-day moving average. With price action closing flat,…
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The British pound sterling is retreating after rising to a three-month high. Price action is supported by the rising trend line at the moment. This could keep the GBPUSD currency pair supported for now. Failure to post any new highs…
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The euro currency is trading on a flat note on Thursday. This comes after the common currency rose close to 0.61% in the past two days. The flat movement comes near the 1.1900 level. The euro currency has breached past this level, but it…
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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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