Orbex - Forex Trading Library

The euro currency gave back the gains late on Tuesday, but price action remains stubborn. Following the declines, the common currency touched down to the trend line, but only to reverse losses. As a result, price action is trading…
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This week, Chinese online shopping giant Alibaba detailed its plans to purchase a 10% stake in Dufry. The Swiss company is the largest global operator of duty-free shops at airports, holding over 2,500 sites worldwide. Dufry is looking for…
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Thursday could be a busy day for the Swiss Franc, with two fundamental events. First is the release of September unemployment data, and then we have SNB’s Jordan giving a press conference. We’ll focus on the unemployment data because…
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NATURAL GAS (NGAS): Test Su Importanti Resistenze S2: 2.387     S1: 2.453     R1: 2.643     R2: 2.767 Le quotazioni del Natural Gas si trovano in prossimità della resistenza stimata in area 2.65,  livello già testato a fine agosto…
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EURCHF continues to range around 50% of the downside 1.1059/1.0504 Fibonacci retracement leg. This sees the pair extend its horizontal pattern from mid-July. Should we see momentum exhaust on the indicator, then the possibility of a move…
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Greenback Gets a Boost with FOMC Looming Risk aversion on the dollar led to the DXY closing 0.44 higher on Tuesday. This marks a significant upturn on the index as it looks to recapture the 94 handle. Donald Trump announced his…
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The precious metal is trading on a softer note after recently breaking past the 1900 level of support. Price action to the upside is looking a little mixed. Thi could potentially put gold prices at risk of a correction back lower.…
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WTI crude oil prices are trading higher for a second day rising over 3% on an intraday basis. The gains come after price managed to successfully close above the 38.835 price level. Following the strong bullish close above this level…
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The British pound sterling managed to hold the bullish momentum as prices tested the 1.3000 level once again. However, price action quickly retreated lower, right after testing this level. On the four-hour chart, we see an inside bar…
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The euro currency is posting gains for a second consecutive day. But the pace of gains is somewhat subdued compared to a day ago. As price action edges closer to 1.1800, the hidden bearish divergence on the stochastics oscillator…
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