Orbex - Forex Trading Library

The euro quickly reversed the declines in a rapid ascent, recovering most of the declines from late last week. Price action is now back near the June 16 highs at the technical resistance level of 1.1347. A breakout above this level…
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AUDJPY bulls' attempt to break the TR2 trendline resistance on June 3rd has proven false. The rally was short-lived with bears pushing prices back within the ascending channel beginning in March. Weakening to the confluence level where…
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NZDUSD has been shedding some of its recent gains over the last couple of weeks as risk sentiment has cooled off. This mostly has to do with external factors. While news from New Zealand has been positive on the COVID front, the rise in…
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The precious metal gapped higher at the open today in an attempt to break out from the confines of the current highs. However, after rising to intraday highs of 1762.96, price action is pulling back sharply. This could potentially result…
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Oil prices are back near the key technical resistance level of 40.00. Following the test of this level on Friday, prices pulled back lower. However, since the Asian session, oil prices have been trading rather flat near 40.00. A…
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The British pound sterling is up around 0.83% intraday. This comes after prices briefly slipped below the support level near 1.2368. A quick turnaround from this support level is pushing prices higher. At the current pace, the GBPUSD…
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The euro is up over 0.75% on the day on Monday. The gains came steadily during the course of the day. The currency pair is attempting to rise to a three day high, but a lot will depend on how prices close towards the end. For the…
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