Orbex - Forex Trading Library

The British pound sterling managed to recover from the brief weakness. Price reversed losses around the trend line to push back higher. With the 1.3122 level now being tested, further gains are likely. However, the Stochastics oscillator…
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The common currency resumed its bullish momentum after a brief consolidation near the 1.1750 handle. With support firmly established, EURUSD is back trading close to the 1.1900 level, marking the July 31 highs. A close above this…
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Exxon Shares Following Earnings Report Shares in Exxon Mobile are trading higher by 2.89% pre-market on Wednesday. Price is enjoying a firm 8% rally following the company’s Q2 earnings report at the end of last week. Exxon reported…
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This time around, it might just be that the non-manufacturing PMIs are more important than the manufacturing ones. The coronavirus pandemic has affected the whole economy, of course. However, retailers bore the brunt of the economic…
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CADCHF bears have kept the pressure on since the 0.72 high on the 5th of June. Since the high, we have witnessed two attempted breaks towards the lower channel. The first attempt on the 11th of June saw prices bounce off at the Ichimoku…
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The current EURUSD formation hints at an impulsive move. It consists of five primary degree waves ①-②-③-④-⑤. Currently, we see a bearish (A)-(B)-(C)  zigzag in wave ④. After the completion of wave (A), we expect the correction in wave…
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S&P500(SPX500): Guarda Ai Massimi In Scia Al Nasdaq S2: 3,260.75     S1: 3,280     R1: 3,309.5     R2: 3,319.75 Malgrado una buona spinta rialzista l’indice S&P500 non ha ancora ripreso i massimi di fine febbraio visti in…
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US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…
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The precious metal is holding on to its bullish streak. Price action is trading just a few points below the $2000 level. We expect gold to possibly test the $2000 level in the near term. However, considering the key psychological level,…
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Crude oil prices are testing the 41.00 level once again. At the time of writing, oil prices are trading above the 41.00 level. However, only a strong daily close above this level will confirm the upside. Still, WTI crude oil will…
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