Orbex - Forex Trading Library

The pound sterling finally made the final push to rise above the 1.3122 target level on Friday. But price action quickly gave back the gains into the close. Still, GBPUSD was just a few pips away from a six month high. The current…
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The common currency erased the intraday gains on Friday after prices rise to a new high, briefly testing the 1.1900 level. Price action on Friday closed on a bearish note. But on a weekly basis, EURUSD gained for six consecutive weeks,…
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Last Week’s Highlights US Durable Goods Orders Rise in June Durable goods orders in the US rose by 7.3% in June, marking a sustained rebound after the plunge earlier this year. Data from the Commerce Department also showed a downward…
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The S&P500 index has maintained a low key status last week. Prices struggled to breakout above the 3295 highs from the week before. But at the same time, the index looks to be well supported near the 3200 level at the moment. This…
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Bumper EPS Beat Shares in US tech giant Amazon are trading 0.60% higher pre-market on Friday following a bumper Q2 earnings report yesterday. Amazon reported earnings per share of $10.30. This was a huge upside surprise to the $1.48 EPS…
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At first glance, the markets are quite chaotic, and certainly very complex. This seems to be a great fit for applying chaos theory and figuring out a mathematical model to generate good market picks. Chaos Theory uses cutting-edge…
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EURUSD rallied above 1.19 during the Friday session. However, bulls face a monstrous resistance above the multiyear high. The long-term bearish trendline from the 1.60 top in 2008 started clouding the medium-term outlook. Only a…
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Gold The yellow metal has seen plenty of volatility this week. Price initially broke out to fresh all-time highs before reversing to end the week a little off those highs, as of writing. The main catalyst behind the continued rise in…
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AUDNZD (AUDNZD): AUD Vale Oro Sul Cambio NZD S2: 1.691 S1: 1.071 R1: 1.077 R2: 1.08 La MM a 21 giorni costituisce un buon supporto per AUDNZD che su base 1.07 sembra aver costruito un robusto supporto e dove per altro incrocia un…
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