Orbex - Forex Trading Library

The current AMZN formation hints at a bullish impulsive ①-②-③-④-⑤ trend of the primary degree. The first four parts of the pattern are fully complete. Corrective wave ④ took the form of a double zigzag, which consisted of intermediate…
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The Fed Holds The US index fell 0.87% on Thursday, dropping to 2-months lows as the Presidential race rages on. Joe Biden‘s lead seems to be advancing as more and more votes are confirmed. However, Donald Trump is not taking this lying…
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The precious metal rose over 1.6% intraday following the volatility on Wednesday. Price action is now back near the familiar 1929.80 level. The precious metal attempted to breakout past this level on the previous two occasions but…
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Oil prices have made a strong recovery, just days after slipping to a three-month low. Price action continues to move higher, fueled by the dollar weakness. This has pushed oil prices toward the 38.83 handle once again. In order…
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The British pound sterling shrugged aside the BoE decision to add more stimulus. The currency managed to trade bullish, gaining over 0.70% intraday. The gains saw the cable rising above the 1.3000 handle. However, the sideways range…
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The euro currency rose over 0.96% intraday after the greenback fell sharply during the day on Thursday. The weakness in the dollar pushed the euro currency way past above the 1.1800 handle. This breaks the sideways range we expected…
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Change in Reporting Shares in US tech firm Qualcomm are trading higher today following a better than expected Q4 earnings call. Qualcomm posted third-quarter earnings per share of $1.45. This comfortably beat estimates for a $1.17 EPS.…
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Tomorrow, Canada reports its monthly employment data, which we can tend to overlook in the rush of news about US NFP. A little later, we get the Ivey PMI, as well as a couple of BOC member speeches. So the CAD can be quite active…
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Oil is currently forming a bullish primary Ⓐ-Ⓑ-Ⓒ zigzag. Impulse wave Ⓐ has completed, whilst correction wave Ⓑ which consists of sub-waves (A)-(B)-(C) has also ended. Intermediate sub-wave (B) is a minor contracting triangle. In…
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