Orbex - Forex Trading Library

The British pound sterling closed last week with modest declines, but not before hitting a two-month low. Price action is still consolidating a few pips above the 1.2750 handle. Establishing support at this level could see some short…
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The euro currency closed last week on a doji candlestick pattern. As the flat close emerges near the top, the strength of the euro can be questioned. A lot will depend on how price action unfolds this week, with some major events such as…
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Offices To Re-open (Rotationally) Leading US investment bank Goldman Sachs announced this week that it will be reopening its offices. Staff members will return to work in the coming weeks following months of closures due to the COVID-19…
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Yesterday's ECB meeting went mostly as expected: There were no changes in policy. The Euro barely moved, as all eyes were on the press conference headed by Chief Christine Lagarde. The question was, what tone would she provide for the…
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The 1-hour timeframe shows the final wave ⑤ formation of the bullish cycle. This is indicated by intermediate sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, wave (4) looks to a triangle consisting of minor sub-waves A-B-C-D-E.…
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EURGBP has recorded a bullish trend from a yearly low of 0.8279. The ascending channel created from April saw a pause at the beginning of last month. We then witnessed a bounce at the 23.6% long term (0.6921/0.9502 leg) and 38.2% short term…
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DAX (Germany 30): Solo Rimandato il Break-out A 13,300 S2: 12,980     S1: 13,082     R1: 13,298     R2: 13,411 Forte instabilità per l’indice DAX con il sistema di modellazione predittiva che fatica a determinarne la direzionalità.…
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Stalemate Drags On Over Economic Stimulus Bill The US index closed indecisively yesterday. However, it still remained above the 93 handle. There were hopes of further progression witnessed from the beginning of the month on the index.…
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Inventories Rise Crude oil prices have seen steady selling this week, fuelled in part by a bearish report from the Energy Information Administration. The EIA reported that in the week ending September 4th, US crude oil inventories rose…
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