Orbex - Forex Trading Library

The XAUUSD structure indicates a horizontal intermediate corrective wave (4) consisting of minor sub-waves W-X-Y-X-Z. Once intervening wave X ended, bearish impulse wave ⓐ began its formation, being the first part of zigzag Z. As…
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AUDCHF has been on an upwards trajectory since the beginning of November, as bulls pushed to $0.67. Prices broke through the previous high of $0.6686 which was created in August but failed at the next top of $0.6712. This could mean that…
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Gold Gold has been firmly lower this week as the markets continued to digest the latest news within the COVID landscape. Pfizer and its German partner BioNTech announced that their vaccine has achieved more than 90% effectiveness in…
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Vaccination Reports Cause a Merry-Go-Round The US index ended Wednesday’s session 0.28% higher, as it reclaimed the 93 handle. A choppy greenback is apparent as political uncertainties and rumors circulating around the potential…
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The precious metal is trading weaker and is likely to regain the bearish momentum. Following the sharp declines on Monday, gold attempted a rebound failed. This led to a lower high with prices pulling back once again. As a result,…
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WTI crude oil prices are on track for a three-day winning streak. Price action broke past the key 41.00 level of resistance for the first time since mid-October. If the current bullish momentum continues, then we expect oil prices to…
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The British pound sterling made some early gains intraday. Prices tested the 1.3300 resistance level for the first time since early September. However, prices were rejected sharply near this level resulting in a prolonged decline.…
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The euro is trading weaker as the dollar is rising once again. As a result, the common currency lost the technical support at 1.1800. Price action is posting steep declines and it looks like the 1.1715 will be next technical support…
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US tech giant Apple unveiled its latest range of laptops this week. Notably, the company’s new MacBook range will for the first time run ofF an in-house processor. The M1 chip marks the first time that Apple has transitioned away from Intel…
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Tomorrow the Central Bank of Mexico will publish its latest rate decision, in a particularly precarious moment for the markets. There has been a surge of optimism of late after the data from Pfizer and BioNTech's covid vaccine. And we're…
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