Orbex - Forex Trading Library

Dollar Finds Support The greenback closed yesterday’s session 0.11% higher, as it bounced off the 90 support level. After hitting a fresh multi-week low, the dollar has a slight spring in its step on Tuesday. However, bulls are…
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The precious metal pulled back just a few points away from the 1817.79 level of technical resistance. The Stochastics oscillator which is currently signaling a hidden bearish divergence could see a continuation in price to the downside.…
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Oil prices surged higher intraday on Tuesday. Prices tested a new 13-month high of 62.96 in the early Asian trading session. However, since then, oil prices gradually drifted back lower. The test of support near 60.87 confirms that…
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The British pound sterling, which has already seen a strong bull run got another boost on Tuesday. The UK Government prepared a roadmap towards re-opening its economy. This puts further upside pressure on the currency pair which is…
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The euro currency is strongly consolidating within the resistance levels of 1.2177 and 1.2144. Price action managed to rise to the upper level of the range before giving back the gains. The volatility in the tight range comes as the…
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NATURAL GAS (NGAS): Supporto a 2.78 in Validazione S2: 2.789     S1: 2.834     R1: 2.944    R2: 3.009 Le quotazioni del Natural Gas si trovano in una fase di trading range a maggior propensione rialzista con resistenza estrema a…
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Shares in US social media giant Facebook are trading a little higher ahead of the US open on Tuesday. The company’s shares have been under selling pressure over recent days amidst the broader sell off in tech stocks as US inflation…
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Next month's policy meeting of the RBNZ is going to be pivotal because we can expect a policy change announcement. In the world of central banks, that means that in tomorrow's meeting, the bank is likely to hint at what the announcement…
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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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