Orbex - Forex Trading Library

There isn't a significant expectation of a major change in policy after the RBA's meeting, which concludes tomorrow. However, we still should approach the event - especially the policy statement - with a certain amount of caution. A lot…
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Last Week’s Highlights UK Manufacturing Sector Stabilizes in June The latest manufacturing data from the United Kingdom for the month of June created some optimism. After a disastrous drop in the early months of this year, manufacturing…
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The S&P500 index made some major gains last week. But prices stalled near the previous highs at 3160, marking a resistance level as a result. Friday’s price action closed into an inside bar indicating a near term breakout. The bias…
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NZDUSD (NZDUSD): Top a 0.665 Prima Di Una Correzione S2: 0.6483     S1: 0.6507     R1: 0.6547     R2: 0.6587 La MM a 21 giorni sostiene il cambio NZDUSD che su base 0.64 sembra aver costruito un robusto supporto tecnico e dove…
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EURGBP Rallies on Uncertain Brexit Prospect The pound sterling’s latest rebound could be short-lived for the lack of new development on the Brexit front. Unexpected cancellation of last Friday’s talks could only put fresh strain on…
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The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800…
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Oil prices continue to remain in limbo. Price action is trading quite flat with oil stuck around the 40.00 handle for the past few days. The squeeze between the horizontal resistance level and the trend line suggests that a major…
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The British pound did not see much movement. Price action is trading somewhat flat for the past two consecutive sessions. Following the decline of the 1.2516 level, GBPUSD is forming a higher low. Therefore, a retest back to this…
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The euro is maintaining its sideways range. However, over the past few sessions, the recent highs and lows show a triangle pattern that is emerging. This could signal a possible breakout in the near term. The bias remains mixed for the…
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