Orbex - Forex Trading Library

The euro currency continues its bullish onslaught as price breached the 1.1600 handle on Thursday. The gains now put the euro on the front seat, posting 5 consecutive daily sessions of gains. Further continuation to the upside could…
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USDJPY suggests a zigzag pattern consisting of waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓑ is currently under development, forming a double zigzag (W)-(X)-(Y). Intermediate sub-waves (W) and (X) are complete. On the other hand, wave (Y) is incomplete.…
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4th Straight Quarter of Earnings Growth Shares in Tesla are trading 4.75% higher pre-market on Thursday on the back of a solid Q2 earnings report yesterday. The American electric vehicle and alternative energy company reported its…
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There are, of course, entire books and months-long courses on how to become a stock analyst. But let's cut through most of the promotional stuff, and have a look at the core tools that will put you on the way to being a pro at stock…
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NZDCAD missed the 90c yesterday. The pair has been trading along the median regression trendline of the 0.8016-0.8560 channel. Therefore, there have been limited attempts to break the outside channels. However, the higher lows recorded …
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Crude Oil Inventories Rise Crude oil prices continued to trade with very little momentum this week. The latest data from the Energy Information Administration this week have added to fears over the health of the post-lockdown recovery.…
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The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains. While price has broken past the 1850 level, it is still shy of…
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Oil prices surged ahead with the gains on Tuesday as price briefly traded above the 42.00 handle. However, failure to build upon the momentum saw prices being rejected, pushing crude oil to close below 42.00. At the time of writing,…
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The cable is trading flat for the day, following a pullback after Tuesday's gains. GBPUSD pared gains to fall back to the price level of 1.2643. As a result, support is now established at this level, evident from the rebound off this…
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The euro currency hit a two-year high on Wednesday, boosted by a weaker greenback and the EU Covid-19 relief package. Price action is now into its fifth consecutive weekly gains. The common currency quickly breached past the 1.1550…
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