Orbex - Forex Trading Library

The equity traded bearishly for the most part of last week. Following the gains from the week before, the S&P500 briefly rose to a one-month high before giving back the gains. The reversal also comes a few points shy of the all-time…
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The precious metal has moved into a holding pattern, staying afloat above 1900 and 1911.50. This marks the key support/resistance level for gold over the past few months. Price action has formed an ascending triangle pattern. However,…
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Crude oil prices continue to trade choppy with Friday's price action closing bearish. However, crude oil managed to recover from the intraday declines on Thursday to settle near the top. Overall price action remains caught within the 41…
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The British pound sterling closed on a flat note on Friday, following the declines on Thursday. Price action remains range bound near the top end of this short term rally. However, failure to make gains above the 1.3122 level keeps price…
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The euro currency is consolidating near the technical support/resistance area of 1.1715. While prices briefly slipped below this level, on Friday, the euro made a modest pullback. If the euro loses this handle, we could see the price…
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The current Alibaba structure shows a 5-wave impulse. The final leg of a cycle consists of intermediate sub-waves ①-②-③-④-⑤. Intermediate wave (5) will complete the primary impulse wave ③ near 357.99. At that level, wave ③ will be…
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Following a weaker-than-expected Q2 earnings report, Goldman Sachs came back with a vengeance in Q3. The iconic US investment bank posted third-quarter earnings per share of $9.68. The figure obliterated estimates for a $5.54 EPS.…
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Of all the major countries, China is likely to be the only one to register positive GDP growth this year. Even though many nations are revising upwards their projections, they are still broadly in the negative. Coming up we have a first…
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For the best part of two years, silver was trading in a descending channel until the recent risk-off sentiment buoyed the metal market. Prices then rose to yearly highs, breaking clear of all resistance handles and leading to a top at…
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NATURAL GAS (NGAS): Target Atteso Su Nuovi Massimi S2: 2.558     S1: 2.666     R1: 2.856     R2: 2.938 Come si scriveva nel report precedente, le quotazioni del Natural Gas hanno testato una importante resistenza stimata in area…
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