Orbex - Forex Trading Library

The USOIL structure looks at waves I-II-III-IV-V which suggests a bullish impulse. Currently, correction IV of a cycle degree, in the form of a double zigzag, has recently ended. Now a cycle wave V is forming, which can complete the…
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Greenback Continues to Surprise The dollar index closed 0.45% yesterday as is headed for its best weekly gain in three months. Democrats in the US Senate expect a marathon voting process, with Republicans set to oppose Biden's $1.9tn…
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The precious metal is down over two percent on an intraday basis. The declines accelerated after the precious metal lost the footing near 1817.89 support. The sharp declines could see the precious metal touching down to 1764.22 where…
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NATURAL GAS (NGAS): Natural Gas A Struttura Rialzista S2: 2.683     S1: 2.772     R1: 2.912    R2: 2.963 Le quotazioni del Natural Gas si trovano in una fase di trading range a maggior propensione rialzista ed ora in prossimità di…
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WTI Crude oil prices are trading weaker following the previous strong bullish sessions. Price action is reversing gains after testing the 56.00 level. The declines could, however, see near term gains once again. For the moment, the…
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The British pound sterling reversed losses in one single session, intraday. Price action posted strong gains following the BoE coming out slightly hawkish than expected on negative rates. As a result, the GBPUSD was back near the…
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The euro currency continues its descent, now for the fourth consecutive session. The declines accelerated following two days of subdued price action earlier this week. The current pace of decline opens the downside target to the 1.1900…
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USDMXN has seen another missed attempt at the recent false break at the end of January. Prices soon retreated after the said break to the mid-$19 level. However, a recent bull rally led to a move back over the $20 handle. This choppy…
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Shares in US energy firm Exxon are trading a little higher pre-market on Thursday, following on from a strong rally over yesterday’s session. Having corrected lower from the recent highs above the 51 level to lows of mid 46, Exxon shares…
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