Orbex - Forex Trading Library

Oil prices are trading bearish, as the sentiment shifts to the downside. The rising number of coronavirus cases in the US once again dampens the outlook for demand. As a result, oil prices slipped below the 38.83 floor that held up…
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The British pound sterling drifted lower on Monday as intraday prices briefly tested the 1.3000 handle. However, price action remains volatile around this level. The Stochastics oscillator is oversold and could signal a short term…
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The common currency is trading weaker on Monday, largely due to a slightly higher greenback. Price action continues to ease lower with intraday lows trading just a few pips off the 1.1800 handle. Continued declines could see the…
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Shares in US payment systems company, American Express, are trading a little higher pre-market on Monday. This early demand exists despite the group posting a weaker-than-expected set of third-quarter earnings on Friday. Earnings &…
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The current USDCHF formation hints to a bearish triple zigzag. The 1-hour time frame shows the final wave Z of the cycle degree pattern which is also a triple zigzag. The primary degree pattern consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. We…
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Given the relationship between US President Trump and UK PM Johnson, it would seem at first glance that a Trump victory would be best for Brexit. But, as is usual with these geopolitical things, the situation is a little more…
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USDJPY Stalls as Massive Stimulus Looms Markets see the US stimulus package as a done deal, the only question is whether it will be a $1.9 or $2.2 trillion dollar check. Either way, money printing of this magnitude would only make…
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DAX (Germany30): In Trading Range S2: 12,401     S1: 12,523     R1: 12,738    R2: 12,831 L’indice tedesco DAX continua a lateralizzare controllato dai supporti stimati in area 12.150 dove sono concentrati i compratori. Le…
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The precious metal was trading flat on the week as price action gave back the intra-week gains. As a result, gold settled back near the 1900 level into Friday's close. Still, the overall bias remains to the upside, with price only…
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Oil prices gave back the gains, closing in the red on Friday at 39.74. Price action is likely to continue holding the sideways range between 41.00 and 38.83. In the short term, we see a divergence building up on the Stochastics…
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