Orbex - Forex Trading Library

The precious metal is trading weaker and is likely to regain the bearish momentum. Following the sharp declines on Monday, gold attempted a rebound failed. This led to a lower high with prices pulling back once again. As a result,…
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WTI crude oil prices are on track for a three-day winning streak. Price action broke past the key 41.00 level of resistance for the first time since mid-October. If the current bullish momentum continues, then we expect oil prices to…
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The British pound sterling made some early gains intraday. Prices tested the 1.3300 resistance level for the first time since early September. However, prices were rejected sharply near this level resulting in a prolonged decline.…
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The euro is trading weaker as the dollar is rising once again. As a result, the common currency lost the technical support at 1.1800. Price action is posting steep declines and it looks like the 1.1715 will be next technical support…
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US tech giant Apple unveiled its latest range of laptops this week. Notably, the company’s new MacBook range will for the first time run ofF an in-house processor. The M1 chip marks the first time that Apple has transitioned away from Intel…
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Tomorrow the Central Bank of Mexico will publish its latest rate decision, in a particularly precarious moment for the markets. There has been a surge of optimism of late after the data from Pfizer and BioNTech's covid vaccine. And we're…
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DAX (Germany30): Attesa La Rottura Dei Massimi Storici S2: 12,722     S1: 12,946     R1: 13,313    R2: 13,456 L’indice tedesco DAX ha guadagnato forza relativa superando di slancio quota 12,500, resistenza intercettata 2 STDV sotto…
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The current GBPUSD structure shows a bullish impulse Ⓒ, consisting of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Wave (4) completed as a horizontal contracting A-B-C-D-E triangle. We could expect a rise in wave (5) near the 1.368…
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AUDJPY has seen a bullish ascendency which has propelled the currency pair to multi-month highs. By remaining above the 61.8% area of the 78.45/73.12 downside Fibonacci leg suggests that the bias remains on the upside. Prices are now…
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Dollar Remains Cautious  The US index gave way to some of Monday’s gains as it closed slightly lower yesterday. The dollar continues to look at the US political scenario in the wake of Joe Biden’s victory. Donald Trump is still pressing…
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