Orbex - Forex Trading Library

The British pound sterling lost the 1.3300 level of support on Thursday. Price action remains biased to the downside. However, the declines might find support off the dynamic resistance from the rising trend line. To the upside, we…
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The euro currency continues its declines for the third consecutive day, as the ECB meets in a week's time. The common currency touched down to a weekly low of 1.1789 before pulling back into the start of the European session. The…
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P&G Shares Higher Again on Thursday Following a 1.7% rally yesterday, shares in Procter & Gamble (the largest global producer of consumer goods) are trading higher by 1.69% pre-market on Thursday. The US company has enjoyed…
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After the latest from the Fed's policy outlook, there is a renewed focus on employment figures from the US. Expectations are for jobs to be the guiding light of monetary policy, and therefore the dollar, for at least the next year.…
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The current AUDUSD structure hints at the formation of a cycle degree a-b-c zigzag. Corrective wave b is a complete triple zigzag and consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ . In the medium term, we could see a long decline in impulse wave c…
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CHFJPY has seen a previous test at the 118 area fail. Currently, the pair has maintained a bullish bias for the last four months. However, the bearish divergence on the momentum indicator hints to a move to the downside. A fall past the…
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US indices continued to hit record highs despite the government stalemate over coronavirus aid. Upbeat pandemic news followed by reports of a cheap and readily available steroid treatment helped US indices record highs. The WHO has…
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Crude Inventories Fall Again Crude oil prices have seen a drop in buying this week. Price moved into negative territory on Wednesday despite the latest data from the Energy Information Administration. In the week ending August 28th, the…
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The precious metal gave back the gains made over the past few sessions as price failed to hold on to the support level near 1967. This led to gold prices falling further. The lower high formation and the current price action could…
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WTI Crude oil prices made modest attempts to rise intraday. However, the gains were erased quickly. Price action turned bearish into the mid-US trading session. Oil prices fell to the 42.00 handle. Just a few weeks ago this is the level…
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