Orbex - Forex Trading Library

Gold was seen consolidating near the 1900 level. Price action previously tested this level before pulling back recently. In the process, we have a potential ascending triangle pattern emerging. If the 1900 level of resistance breaks,…
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Oil prices are trading flat ever since prices touched intraday highs of 49.29 on December 21. Since then, oil prices pulled back and are trading in a sideways range. For the moment, this sideways range is likely to continue. However,…
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The British pound sterling is maintaining a bullish hold with prices posting a gradual rally since 29 December. The pace of gains, however, is likely to stall given the Doji candlestick patterns near the current levels. A bearish…
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The euro was down over 0.63% into the yearly close. The declines come amid thin trading and the US dollar posting a modest rebound. The euro has been consolidating near the rising trend line over the past few days. While price action…
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The US posted record-shattering growth in the third quarter. This pulled the country officially out of recession (though obviously there was still a lot of economic repairs to do). The fourth quarter, however, is not going to be so good,…
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Shares in US beverage giant Coca Cola are trading a little higher on the final trading day of 2020. Following a dramatic 40% collapse over Q1, as the COVID pandemic took hold,  shares in Coca Cola have since recovered almost 80% of those…
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In spring, there was a lot of hopeful talk about the covid recession being "V-shaped", and that by the end of the year we'd be (at least close to) recovered. Q3 showed we were well on the way to achieving that, and stock markets roared…
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The current USDCAD structure hints at a primary degree triple zigzag that consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.  Currently, prices decline in the final impulse wave (C) of a bearish  (A)-(B)-(C) zigzag in wave Ⓩ. Recently, the market…
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The precious metal is trading somewhat bullish, building upon the gains from Tuesday. Price action is on track to close with gains for two consecutive days. However, the pace of gains remains subdued for the most part this week. For…
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WTI Crude oil prices managed to hold up the intraday gains for the most part. However, by the late European session, the commodity was seen giving back those gains. Oil prices are down about 0.35% intraday. The declines come as oil…
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