Orbex - Forex Trading Library

Oil prices are back near the key technical resistance level of 40.00. Following the test of this level on Friday, prices pulled back lower. However, since the Asian session, oil prices have been trading rather flat near 40.00. A…
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The British pound sterling is up around 0.83% intraday. This comes after prices briefly slipped below the support level near 1.2368. A quick turnaround from this support level is pushing prices higher. At the current pace, the GBPUSD…
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The euro is up over 0.75% on the day on Monday. The gains came steadily during the course of the day. The currency pair is attempting to rise to a three day high, but a lot will depend on how prices close towards the end. For the…
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As the reality of the COVID situation in March set in, the markets took a steep nosedive. It didn't halt until the Fed held an extraordinary meeting to announce unprecedented measures to help the economy. Many argue that it's thanks to…
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NZDUSD (NZDUSD): Ciclo Correttivo Alle Porte S2: 0.6363     S1: 0.6387     R1: 0.6447     R2: 0.6507 La coppia NZDUSD “sente” la MM a 21 giorni, che per il momento ne orienta la propensione rialzista, dopo la reazione intervenuta…
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GBPCAD Drops on Brexit Uncertainty Encouraging signs are emerging at the end of Britain’s lockdown with retail sales jumping by 12% in May. Nevertheless, the pound sterling drifts lower as markets have shifted their attention to…
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Last Week’s Highlights Canada’s factory sales in April fall 2.58% Canada’s factory sector posted the biggest monthly decline on record so far in April 2020. According to official data, factory sales fell 28.5% on a month over month basis…
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S&P500 fell to the technical support level of 3000 last week. However, since then, it has rebounded. Failing to regain the 3200 level that was last tested around 9th June, the index is drifting lower. As a result, the S&P500 is…
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The precious metal is up over one percent on the day. The gains come after price action has been trading flat over the past few sessions. However, gold prices are not out of the woods yet. The upside resistance level near 1747.00 remains…
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