Orbex - Forex Trading Library

XAUUSD 1155 Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying pressure…
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Oil (CL_5X) 47.50 Failure descending triangle. However, the market confirmed for breakout of that pattern and break 49 level. Now oil price continues its bullish rally, and near critical resistance level at 49.30, breaching it will…
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USDJPY 119.77 No change on Japanese Yen !! Nothing to be said in the range market, technically, we are awaiting a successful breakout for the shown symmetrical triangle. So, 121 & 119.20 we will consider it the upper band…
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GBPUSD 1.5228 GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5405 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias…
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EUR USD 1.1380 EUR USD success to break the descending triangle, and now we still seeing the buying pressure is stronger. As long as market higher than the levels of 1.1230s then an upward move to 1.1380s, & 1.1450 is the…
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EURUSD (1.137): EURUSD invalidated the bear flag pattern from last week and reversed to trend higher. Price action is currently seen being rejected above 1.136, which leaves scope for a downside move towards 1.1281. A successful test of…
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China's weak trade balance numbers saw the markets take a breather as the commodity risk currencies eased back from their strong rallies. In early Asian trading the AUD, NZD and the CAD were seen trending lower while the Japanese Yen surged…
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WTI Crude Oil futures has been in the news for the most of last week as prices attempted to stage a strong rally after staying range bound for nearly 5 weeks after hitting a multi-year low to $39.86. As of Friday, 9th October, NYMEX Crude…
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Lack of news keeps markets subdued The currency markets opened today with Japan closed on account of a bank holiday. The Asian markets were largely trading in the Green with the Nikkei 225 closing 1.64% higher including the Shanghai…
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The end of last week brought UK's ONS (Office for National Statistics) latest data release, which holds the UK responsible for a higher-than-expected trade deficit for the month of August, while the fall in output has reached its fastest…
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