EURAUD

Chart of the Day – Gold XAUUSD – (March 4th, 2021)

Traders love to buy dips and sell rallies, especially when we feel something is “overbought” or “oversold.” Gold is probably in the ‘oversold” camp as RSI remains in oversold territory and now at/near key support. We have been targeting (at Forex Analytix) the 1670 to […]

Amazon Higher As UK Grocer Opens

Amazon Lower On Year Shares in tech giant Amazon are trading higher today ahead of the US open. The company’s stock price has been on a steady decline from the yearly highs printed above the 3400 level, taking price down to recent lows around the […]

How Will the End of Lockdowns Across the US Affect the Markets?

The US is about to cross an important covid vaccine threshold of reaching a quarter of the population getting at least their first dose. While this would exceed the percentage of people over the age of 65, the rollout hasn’t been as concentrated. So far, […]

USDCNH Cycle Correction Hints At Impulse Growth

The current USDCNH formation hints at a large zigzag of a cycle degree. This recently completed the bearish correction b which took the form of a triple zigzag. On the 1H timeframe, the final part of correction b, and the bearish impulse (C) of the […]

Oil Rallies Despite Massive Inventories Build

Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending February 26th, US crude inventories rose by 21.6 […]

GBPUSD – proyección de precios

Hola Traders, hoy es día 4 de Marzo del año 2021, y vamos a analizar el desarrollo de precios de la libra respecto del dólar americano, el cruce GBPUSD diario. Indicadores técnicos utilizados: Medias de 34 exponenciales aplicadas a los máximos, cierres y mínimos. Nuestro […]

Intraday Market Analysis – Channel Trade

EURAUD capped by falling channel Despite Australia’s soft retail sales number, the euro remains under technical pressure. The pair has been sliding within a bearish channel since last October and the eurozone’s retail reading today is unlikely to change the course. As the pair rebounds […]

The Markets in Waves: Euro​ & Gold​ Approach Interesting Levels

Welcome to the Orbex daily Elliott Wave update! In today’s video, our Head of Investment Research Stavros Tousios dives into the top opportunities the markets have in store for us. Asset TimeStamps: EURUSD​​ 00:30​ XAUUSD​​ 02:25​ AUDJPY​ 04:15​ EURCHF​ 05:50​ Join our responsible trading community […]

Chart of the Day – NZDUSD – (March 3rd, 2021)

The bearish argument for the NZDUSD has to be made at this level. First, the rally at the beginning of this week didn’t even allow for the Kiwi to break the 38% retracement of .7306 of the spike high to .7447 to the low of […]

Exxon Holding Above Key Support

Shares in Exxon Mobil have paused in their recent ascent. The energy company’s stock prices continue to hover around the 55.39 level following a break above it last week. Shares recovered from a brief dip below the level this week to trade back north of […]