Orbex - Forex Trading Library

EURUSD is forming a global bullish impulse that consists of primary sub-waves ①-②-③-④-⑤. Since the beginning of 2021, the market has started to move lower in the corrective wave ④. According to its internal structure, it takes the form…
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USDMXN is looking to break away from the descending price action that has blighted a potential move to the upside. The significant false breaks over the past 6-months have led prices to pre-pandemic lows. However, since the mid-$19…
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Greenback Continues Downside Bias The US index dropped a further 0.25% at the start of the trading week, as it slumped further towards the 90 handle. With its third straight day of declines, investors continue to focus on deliberations…
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The precious metal is posting strong gains on Monday, capitalizing on a weaker greenback. As a result, price action is up over 1.5% intraday and is trading near a four-day high. Despite the current gains, XAUUSD will need to breakout…
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WTI crude oil prices are looking bullish with price action posting a strong recovery after the declines from Thursday and Friday last week. For the moment, price is yet to breakout above last Thursday’s highs of 62.22. But this is…
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The British pound sterling maintains a strong hold on the bullish momentum with six consecutive weekly gains so far. Price action is nearing the April 2008 highs of 1.4376. The strong uptrend could be further cemented if the cable breaks…
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The euro currency is on track for a three-day back to back gain. Price action is recovering sharply following the declines during the middle of last week. For the moment, price action will be challenging last week’s highs of 1.2168. A…
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Shares in Boeing are trading a little lower ahead of the US open on Monday. The airliner’s shares have recovered over recent weeks following a steady decline from the December highs above the 235 level. Price found support on approach to…
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Traditionally, the ILO jobs data out of the UK moves the market, but under the current circumstances, we might see an even bigger swing. All eyes are on the labor market. And that's not just because it's pivotal for monetary and fiscal…
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