Orbex - Forex Trading Library

The current AUDUSD structure hints at a corrective wave b. This takes the form of a triple zigzag, as the final primary wave Ⓩ is currently under development The bullish wave Ⓩ is an intermediate (A)-(B)-(C) zigzag. Intermediate…
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Last week’s highlights German Ifo weakens in October The latest data from the German Ifo institute shows that business sentiment fell in October. This reflects concerns among businesses amid the rising number of Coronavirus cases…
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USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in…
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AUDNZD(AUDNZD): AUD Appesantito Dall’ORO S2: 1.055     S1: 1.058     R1: 1.066     R2: 1.071 La MM a 20 periodi su Tf a 4h che staziona a 1,063, costituisce un efficace livello di resistenza sul breve termine per AUDNZD che su base…
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The precious metal managed to make a modest rebound into Friday's close. Price retraced to the 1885 handle before easing back. On a weekly basis, the price action in gold remains quite bearish. A follow-through into the week could…
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The S&P500 is down over 5% for the week, with declines gaining momentum following the previous two weeks of subdued price action. The declines also see the S&P500 retreating following a failure to rise back to the previous…
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WTI crude oil prices slipped slightly lower on Friday before making a modest recovery into the closing session. While price action remains near a four-week low, the rebound is showing signs of a correction to the declines. The…
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The British pound sterling closed the week on a slightly more positive note after falling to a two-week low earlier. As the current rebound is pushing the cable close to this level once again, price action is trading below the 1.3000…
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The euro currency continues to remain sold with price falling for five consecutive daily sessions. At the current pace of declines, the common currency is on track to drop to the September 28, 29 lows of 1.1611. This also coincides close…
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Revenues & Earnings Higher US tech giant Amazon came out with a blistering set of Q3 earnings this week. Following on from the solid earnings beat in Q2, Amazon posted third-quarter earnings per share of $12.37, firmly beating…
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