Orbex - Forex Trading Library

The USDCNH structure shows the completion of a triple zigzag correction b of the primary degree. The initial part of the primary impulse consisting of sub-waves ①-②-③-④-⑤ is currently under development. The bearish correction wave ②…
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The AUDCAD has been trading in a descending channel since prices dropped out of its six-month ascending channel in September. Bias now turns to the downside as a recent attempt at the back end of last month saw levels dip to the mid 0.92…
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Manufacturing PMI the Best in 2 Years The US index ended yesterday’s session higher for a fourth consecutive day, as it reclaimed the 94 handle. Even though the markets are preparing for a Biden win as America goes to the polls today,…
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Oil prices are up over one percent on Monday as prices recover from last week's declines. Following a brief move below the 34.41 area, oil prices managed to post a strong recovery. After rising above this level, oil prices are pushing…
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The precious metal is posting modest gains on Monday as the US elections are underway. Price rose over 0.50% intraday, following up from last Friday's bullish close. Still, prices are likely to approach the 1900 - 1911.50 level once…
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The British pound sterling is trading subdued with price action trading rather flat. This marks the second daily session following last Friday's subdued close. While price action has formed an inside bar pattern last Friday, the…
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The common currency is on track to close bearish for the sixth consecutive session. Price action is, however, a bit subdued as the EURUSD approaches the 1.1600 handle. A retest of this level could potentially signal a rebound in prices.…
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Further Losses Seen Shares in US energy company Chevron are trading a little higher pre-market on Monday. The company reported its third-quarter earnings on Friday. The headline earnings-per-share figure was better than expected at…
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Tomorrow the Reserve Bank of Australia convenes to decide where they will set the interest rate. They'll also discuss potentially expanding their asset purchase program. The meeting happens in the middle of some significant risk events…
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