Orbex - Forex Trading Library

GBPUSD is trading a bit off from the 1.3122 level of resistance. The decline off this level saw prices finding support from the rising trend line. If this level holds and we see a rebound, then we could expect a move higher. Following…
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The euro is down to its third consecutively daily loss. Price action is consolidating near the 1.175 handle. Although price action remains weak, a close above 1.1750 will confirm a possible move to the upside. However, unless the…
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Big Earnings Beat Shares in US tech giant Apple have exploded to fresh all-time highs following a bumper Q2 earnings report. Apple stock is trading a further 2.5% higher pre-market on Tuesday as traders continue to digest the details of…
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DXY ended wave IV of a bullish cycle pattern in a simple Ⓐ-Ⓑ-Ⓒ zigzag.  Wave Ⓐ is a zigzag, wave Ⓑ is a triangle, and wave Ⓒ is a 5-wave bearish impulse. At the time of writing, DXY has begun to reverse up in the final wave V. We…
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New Zealand PM Jacinda Ardern has received near-universal praise for how her government has handled the COVID outbreak. Now we're expecting to get some comparable figures to see the real impact on the economy. Both the RBNZ and BOC…
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EURJPY maintains a bearish footing in the long-term as prices trade within a descending channel. The move started in Dec '14 at 149.69 and marked a market low in Jun '16 at 109.48. Despite crossing over the median regression of 123.26 in…
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DXY Gains Short-Lived Better than expected manufacturing figures in July saw the US Index closing above 93 on Monday. This slight increase came after July saw the worst monthly fall in the index for 10 years. The dollar saw gains…
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The precious metal is trading on a softer note on Monday. Robust economic data has sparked optimism in the Eurozone economy. After rising to highs of 1984.86, price action is trading a few points lower. While the trend line is…
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Oil prices are trading somewhat volatile over the past two sessions. The commodity is up over 1.25% on an intraday basis. The gains come as WTI crude oil is testing the 41.00 level once again. Given that this price level held up as…
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The pound sterling is trading weaker on Monday. This comes just after on Friday last, GBPUSD rose above the 1.3122 level. A strong bearish candlestick on an intraday basis saw prices pulling back lower. However, we see a reversal taking…
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