Orbex - Forex Trading Library

The precious metal remains in a bearish move after earlier this week, price failed to hold above the 1900 level. A brief retracement saw prices testing the 1911.50 level. But with no further room to go, gold prices reversed direction.…
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Crude oil prices are trading with some modest gains on Wednesday. This is after earlier in the week, a weaker inventory report from the American Petroleum Institute (API) saw price falling. For the moment, oil prices are holding on to…
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The British pound sterling has declined for the past three sessions. However, price action on Wednesday could possibly see a flat close. A Doji formation following three days of strong declines could offer some rebound in the near term.…
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The common currency continues to embark on a correction as price action failed to hold near the technical support level of 1.1715. The breakdown below this key support level could potentially mark further declines in the medium term.…
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Shares in US pharmaceutical firm Pfizer are trading almost 1% higher pre-market on Wednesday. Pfizer and its German partner BioNTech have been working on a COVID vaccine. They have recently announced that they could be the first to…
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The current USDCNH structure shows an a-b-c zigzag, with waves a and c being 5-wave impulses. Bearish correction b has recently completed as a zigzag consisting of sub-waves Ⓐ-Ⓑ-Ⓒ. Currently, we see the initial part of cycle wave c.…
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GBPAUD has remained on a bearish footing from the yearly highs achieved in March. The recent bearish divergences on the momentum indicator hint at further downside. Currently, the pair is attempting to reach the 1.81 area. Resistance…
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NATURAL GAS (NGAS): Inattesa Svolta Ribassista in 5 Giorni S2: 1,757 S1: 1.796 R1: 1.885 R2: 1.935 Come si scriveva nel report precedente, le quotazioni del Natural Gas hanno testato una importante resistenza stimata in area 2.65 ed…
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Pelosi-Mnuchin Finally Reach Agreement The US index closed 0.44% higher on Tuesday as it rose above 94 for the first time since July. The ascension on the greenback was buoyed as a stopgap bill was passed that would fund the government.…
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The precious metal is making a modest pullback following Monday's declines. After briefly slipping past the 1900 level, gold is back near the 1900 region. We could expect to see some consolidation taking place near this level. If…
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