Orbex - Forex Trading Library

GBPCHF recently tested 1.2214 which was at the 50% Fibonacci retracement of the 1.3315-1.1113 leg. A descending channel currently sees prices pulling back towards the median regression. The top of the Ichimoku will be the next target…
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Jobs Report Bolsters Greenback, But For How Long? The US Index managed to close up 0.25% towards the 93 handle yesterday. However, demand for the greenback seems to be fading from the start of the week. After hitting a weekly peak last…
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The precious metal is trading flat for the second consecutive day. This comes as price approaches the 1911.50 support area. If gold prices lose the 1911.50 handle next, then we expect steeper declines. Below this level, the next main…
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Oil prices continued to push lower with price action down for four sessions consecutively. The decline accelerated following Saudi Arabia cutting oil prices. This has pushed the commodity down to the 38.83 level of support. If price…
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The British pound sterling was trading weaker on Monday. The declines came after PM Johnson rekindled Brexit talks, noting that the UK would leave the EU if no agreement was made by October end. The US dollar strength is also…
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The euro currency is posting losses for five consecutive days. The declines were offset after comments from ECB officials last week expressing concerns on the euro exchange rate. Price action was down on Monday, following the USD which…
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Shares in US mobile phone chipmaker Qualcomm have seen impressive gains recently. Following a bumper 15.8% rally in July, Qualcomm shares rallied a further 12.1% in August. The company extended gains seen in response to a positive Q2…
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After just over a month of almost steady growth, the markets took a bit of correction towards the end of the last trading week. Part of that is due to the extended weekend. US traders were away on holiday, and investors didn't want to be…
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