Orbex - Forex Trading Library

The precious metal is on track to close flat on Monday. Price briefly slipped to test the 1817.80 level before pulling back. Overall, gold prices are currently confined to trade within the 1850 and 1817.80 levels. Only a strong breakout…
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WTI crude oil prices are taking a breather following the strong winning stretch from last week. Price action is largely muted, even failing to post any new highs. As a result, oil prices are confined within last Friday's range. Since the…
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The British pound sterling finally gave way as price broke down from the descending triangle pattern. This comes even as prices broke down past the key support/resistance level near 1.3500. However, following the initial decline to a two…
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The euro currency is posting declines for the third consecutive day. As a result, the common currency fell to a four-week low intraday before recuperating some of the losses. The broadly stronger greenback has pushed the EURUSD lower,…
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Shares in Microsoft are trading a little higher ahead of the US open on Monday. The company's stock price was broadly higher over recent months though price action has been choppy. As of writing, Microsoft shares are still off the 2020…
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Friday's Non-Farm Payroll report showed the first monthly net loss in jobs in the US since the start of the recovery. It wasn't all bad news; November payrolls were adjusted higher. But the markets hadn't really consolidated around a…
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The USDCNH currency pair continues to form a bearish cycle correction b. It takes the form of a triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final sub-wave is creating an intermediate (A)-(B)-(C)…
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CRUDE OIL (US Crude Oil): Rischio Di Down Side Sul Breve S2: 49.99     S1: 51.11     R1: 53.05     R2: 53.87 Il quadro tecnico generale del Crude Oil propone un evidente stress che potrebbe produrre un ripiego correttivo teso a…
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