Orbex - Forex Trading Library

EURUSD is forming an impulse consisting of sub-waves ①-②-③-④-⑤. The end of bullish impulse ③ at 1.201 led to the formation of corrective wave ④. The said wave is a standard zigzag (A)-(B)-(C) and could reach the 1.152 area. At that…
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BANK OF AMERICA (BAC.N): In Evidente Trend Negativo S2: 23.03     S1: 23.35     R1: 24.41     R2: 24.89 Il colosso Bancario Usa si indebolisce ulteriormente con la perdita dei supporti in area 25.70. Tutti i riferimenti…
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USDJPY Bounces Ahead of Key Data Risk aversion has put the US dollar back on track at the expense of risk-sensitive assets, for now. Short side’s profit takings ahead of this week’s string of data have likely contributed to the…
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Crude oil prices gave back some of the gains made from the previous week. Price action turned negative for the week closing near the 40.00 handle. Still, the previous week's bullish engulfing pattern gives hope for the upside to…
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The precious metal posted solid declines last week as price fell to a two-month low near 1850. Gold prices managed to pullback into Friday's close. The breakdown comes after the support area near the 1911 - 1900 region gave way. In…
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The British pound sterling is holding steady near a two-month low. Prices have barely moved after the GBPUSD fell to the support area near 1.2721 - 1.2673. This level was marked by the previous resistance area in June and July. The…
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The common currency continued to push lower, ending last week with declines. Prices are trading just a few pips off the 1.1600 round-number support. We expect a near term move to the upside given the current set up. The Stochastics is…
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Last Week’s Highlights RBNZ keeps rates steady but further easing likely The Reserve Bank of New Zealand held its monetary policy meeting last week. As widely expected, the central bank left its key interest rates steady at 0.25%. The…
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The S&P500 index extended declines over the week following the breakdown near the minor rising trend line. Subsequently, prices drifted lower before reversing losses just a few points above the 3200 handle. Friday's bullish…
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Illumina To Buyout Other Shareholders Shares in US biotech firm Illumina are trading almost 5% higher pre-market on Friday. Over recent days, Illumina shares have been well bid. This is in response to news that the company agreed to a $7.1…
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