Orbex - Forex Trading Library

The leading equity index rallied over the week, rising to 3588. This marked a new all-time high. The rally to this level marks one of the fastest recoveries ever since the index fell to a three-year low in March this year. The…
Read More

The precious metal has maintained a firm grip near the rising trend line, with prices consolidating near the 1930 level. To the upside, the resistance level near 1967 remains within reach. But only a strong close above this level will…
Read More

The bearish outlook in WTI crude oil continues as price fell to a five-week low last week. Crashing below the 40.00 level, oil prices closed at 39.60 on Friday. The next key level of interest is at 38.83. A retest of this support…
Read More

The pound sterling rose briefly late last week to test the 1.3300 level. But with prices being rejected at this level, the currency pair was pushed lower. Finding support off the rising trend line, GBPUSD managed to close just a few pips…
Read More

The euro currency touched down to lows near 1.1785 last week, but prices were rejected twice at this level. This pushed the common currency to close somewhat higher. Still, the bearish outlook remains. We expect prices to now remain…
Read More

Record Stock Drop Shares in US tech giant Apple are trading almost 1% lower pre-market on Friday. Apple grabbed headlines last month when it became the first company to surpass the $2 trillion mark. To put this in perspective, the $2…
Read More

Many people suddenly became aware of Belarus on August 10, the day after the controversial presidential elections concluded. Reports surfaced that the internet was restricted. In addition, both presidential candidates claimed to have…
Read More

The current USDCNH structure hints to the formation of a corrective wave b. The market saw a decline after completing the bullish impulse a. Wave b is a double zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The intermediate impulse (A)…
Read More

USDZAR(USDZAR): Dollaro In Affanno Sul Rand S2: 16.498     S1: 16.611     R1: 16.869     R2: 17.016 L’importante progressione ribassista per USDZAR sembra essersi esaurita, con il Dollaro USA che ha trovato sostegno in area 16.50…
Read More

XAUUSD entered consolidation after a bearish pullback from recent record highs. The pair has seen a bullish momentum since the beginning of April. It has remained above the $1900 area indicating a possible move to the upside. The…
Read More