Orbex - Forex Trading Library

Oil prices remained within the range of 41.00 and 42.00 on Wednesday. Price briefly fell back to the 41.00 level before a slight bounce to the upside. The consolidation, which is now over a week, could signal a possible breakout in the…
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The British pound sterling is maintaining its steady winning streak, as price rose to a fresh four-month high on Wednesday. After a brief move above the 1.3000 level, GBPUSD is retreating. If the declines continue, the rising trend…
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The euro resumed its bullish momentum on Wednesday as price rose another 0.65% on the day. The common currency is trading above the 1.1750 handle following the Fed meeting. However, in the early Asian session on Thursday, the euro is…
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The current NZDUSD structure hints to a bullish zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ. Primary impulse wave Ⓐ and corrective wave Ⓑ are complete. Wave Ⓑ ended with a double (W)-(X)-(Y). Wave Ⓒ has completed only 4 of the 5 waves of…
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EURNZD has recorded a continued bearish move from the high of 1.9925 to the low of 1.7163. The momentum indicator, however, showed a hidden bullish divergence that was followed by a bullish standard divergence. This is often a signal for a…
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Revenues Fall By 30% Shares in US restaurant chain McDonald's Corporation are trading 2.5% lower pre-market on Wednesday. This comes following a weak set of Q2 earnings yesterday. McDonald's reported earnings per share of $0.66 versus…
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The markets are bracing for some significantly negative results for last quarter's GDP. Although all the talk currently is about the recovery, how far economic activity dropped is an important factor. It's necessary to figure out how…
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Uncertainty Looms on Jobless Claims Package The US Index halted its free-fall at the close on Tuesday. However, with the US far from reaching an agreement on its fiscal stimulus package, further weakness can be expected.  In addition,…
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NATURAL GAS (NGAS): Supporto a 1.5 S2: 1.69     S1: 1.745     R1: 1.829     R2: 1.858 Le quotazioni del Natural Gas si trovano in prossimità di una importante resistenza vista in area 1.80 dove incrociano importanti riferimenti…
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The precious metal rose to highs of 1975 before retreating. Price action is still bullish although the pace of gains is relatively muted compared to the past few days. For the moment, support is at the 1931 level. If prices break down…
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