Orbex - Forex Trading Library

The common currency managed to break out from the trend line for a second time. But price action remains somewhat volatile with the EURUSD being rejected near the 1.1750 levels. However, with the 1.1800 level coming in as resistance, we…
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Outages Cause Concern Microsoft users continue to experience issues accessing the company’s cloud network. This is now the second week of disruption to parts of the Microsoft cloud network. Last week, a significant Azure Active…
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Now that the controversy over Canada's budget is over, we can look ahead at key fundamental data releases coming up. The CAD, like other commodity currencies, has been supported by a broader feeling of optimism in the markets. In…
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The current NZDUSD structure indicates a primary triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. Sub-waves ① and ② of the primary degree have ended. Wave ① is a 5-wave impulse, with wave ② being an intermediate (A)-(B)-(C) zigzag. In the medium term, we…
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EURTRY hit record highs recently as it pushed through the €9.30 barrier. An ascension from the beginning of the year saw a slight pullback towards the end of September. This led to further upside with continued bullish behaviour and…
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US Government Hints at Revised Stimulus  The dollar index lost some momentum on Wednesday as it closed 0.18% lower. Stimulus negotiations were originally postponed until after the US Presidential Elections. However, yesterday’s tweet…
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Inventories Rise Last Week Crude oil prices have been trading broadly higher across the week. However, they ran into selling pressure mid-week in response to the latest report from the EIA. The Energy Information Administration reported…
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The precious metal gave back the intraday gains on Tuesday and price action now looks weaker to the downside. Following the reversal near the 1900 region, the resistance level has been tested. We expect the current declines to extend…
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Crude oil prices are trading a tad weaker following the gains from Tuesday. However, with price now trading above the 38.83 region, we expect the current pullback to form support here. On the other hand, considering that the 41.00…
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The British pound sterling gave back the gains as the technical resistance near 1.3000 level holds strong for now. As a result, price closed with a strong bearish candlestick on Tuesday. A follow-through to the downside could confirm…
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