Orbex - Forex Trading Library

The GBPUSD global wave e which is part of a cycle triangle, consists of an Ⓐ-Ⓑ-Ⓒ zigzag. Currently, impulse wave Ⓒ of the primary degree has begun, as part of the fifth wave of the intermediate degree. Minor correction wave 4 has…
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EURCHF has seen choppy price action for the last 6 months as the current engulfed channel shows some signs of accent. Continuous divergences on the momentum indicator have led prices to the lower and bottom borders in rapid succession.…
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The precious metal is struggling to breakout above 1850 as price action was firmly rejected near this level intraday. Overall, gold prices remain trading subdued compared to the gains made in the previous sessions. We expect the…
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WTI crude oil prices continue to maintain a strong bullish moment. Price action rose to fresh highs of 58.73. This makes price action likely to test the unfilled gap from January 20 last year at 59.47 However, with price now trading…
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Dollar Remains Depressed The US index fell for a fourth consecutive session as it closed 0.10% lower on Wednesday. Core CPI figures came in relatively flat on a monthly basis for January as the greenback looks to retreat to monthly…
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The British pound sterling continues to rise higher, marking a new high of 1.3866 intraday. But price action is pulling back after testing this level. The Stochastics oscillator is firmly in the overbought levels supporting the upside…
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The euro currency continues to push higher, rising for the third consecutive day, to a two-week high. The gains, however, are slowing as price moves closer to the 1.2144 - 1.2177 level of resistance. We also continue to see the hidden…
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Crude Supported By better Risk Appetite Crude oil prices have extended their 2021 rally this week with the market adding a further 3.3% as of writing. Oil prices have been on an impressive run-up since November 2020. Better risk…
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Shares in US social media giant Twitter are trading at fresh highs ahead of the US open on Wednesday. The company’s stock price has been on an explosive rally off the 2021 lows printed in early January with shares recovering from lows…
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