Orbex - Forex Trading Library

The pound sterling briefly accelerated the declines intraday. However, price quickly reversed the gains following a test to the lower support level at 1.2277, just a few pips higher. The sideways range between 1.2485 and 1.2277 will most…
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The euro currency is trading consistently close to the confluence of the rising trendline and the horizontal support level at 1.0823. Price needs to close above this level for any form of upside bias to build up. The initial upside…
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Tomorrow we have some key data which could give us some insight into how the world's economies will evolve in the aftermath of the COVID-19 pandemic. We have the release of inflation data from the world's two largest economies.…
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Price action on USDJPY has been bullish since the 106.00 takeover on May 07. One swing low at 106.25 and one at 106.75 have both supported the upside initiative since. The latter, followed by a break above the descending trendline…
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The precious metal continues to trade rather flat with a strong range established within the levels of 1738.65 and 1678.31. This sideways range is now into its third week of consolidation. There is no clear trend that is showing so far,…
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Last Week’s Highlights US manufacturing PMI from ISM falls to an 11-year low The latest manufacturing PMI from the Institute of Supply Management showed activity falling to an 11-year low. The index fell to 41.5 in April, down from 49.1…
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NASDAQ 100 (NAS 100): Lo Strapotere Delle TechStocks S2: 9,093.1     S1: 9,156.7     R1: 9,254.2     R2: 9,351.8 Continua la prepotente azione rialzista per l’indice Nasdaq100 con la dinamica in allungo ben oltre la resistenza…
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EURAUD Sinks as Rescue Drags On The euro is under pressure as Europe’s unity is again in question. While most major central banks opened their balance sheets to revive their economies, the clash between Germany’s constitutional court…
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Gold prices advanced slightly higher on Friday last week but only to give back some of the gains. Price action broke to the upside of the falling trend line, briefly rising above the 1712.50 price level. However, failing to build upon…
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