Orbex - Forex Trading Library

GBPNZD is currently registering lower highs as it attempts to move to previous levels in August. The current 50% 2.0275/1.9033 downside Fibonacci leg is providing some resistance. The recent bearish divergence suggests that momentum has…
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DAX (Germany30): In Tenuta, Pronto A Ripartire S2: 12,850     S1: 12,945     R1: 13,112    R2: 13,183 Apprezzabile ritorno di forza per il DAX, dopo la scivolata di settembre, che tenta l'uscita rialzista dalla resistenza stimata in…
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Stubborn Jobless Claims Weigh In The US index ended indecisively on Thursday as unemployment claims in America remained elevated. Analysts believe that the labor market will continue cooling down through Q4 as the number of coronavirus…
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Gold The yellow metal has been back under pressure this week. Following a heavy sell-off on Tuesday, from which the market has attempted to recover, gold ends the week in the red as of writing. The rally in equities over the week has…
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The precious metal has been trading muted on Thursday. This follows the modest attempt to pullback following the decline to the 1875 handle. For the moment, this could be the short term range in gold. The Stochastics oscillator is also…
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Oil prices were trading bullish on Thursday, gaining over 2% intraday. The gains pushed oil toward the 41.00 level before pulling back. Failure to breakout above this level cements the view of the strong resistance here. We could…
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The British pound sterling is attempting to close bullish for the second consecutive day. The gains come following the strong bearish decline earlier this week. Overall, from the medium-term outlook, GBPUSD continues to remain…
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The common currency managed to break out from the trend line for a second time. But price action remains somewhat volatile with the EURUSD being rejected near the 1.1750 levels. However, with the 1.1800 level coming in as resistance, we…
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Outages Cause Concern Microsoft users continue to experience issues accessing the company’s cloud network. This is now the second week of disruption to parts of the Microsoft cloud network. Last week, a significant Azure Active…
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Now that the controversy over Canada's budget is over, we can look ahead at key fundamental data releases coming up. The CAD, like other commodity currencies, has been supported by a broader feeling of optimism in the markets. In…
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