Orbex - Forex Trading Library

China50's bull run stopped at the pre-2008 crisis level of 16500 on July 05. Bulls ceased buying following a rejection at the median regression of the upper zone of the ascending channel starting Jan '18. The weekly price action is still…
Read More

NASDAQ 100(NAS100): Spinge Ancora Ma Senza Convinzione S2: 10,469.4     S1: 10,574.9     R1: 10,785.96     R2: 10,891.4 Dopo aver segnato nuovi massimi storici sopra quota 10,500, l’indice Nasdaq100 sembra perdere “grip”…
Read More

Gold The yellow metal has seen a strong rally this week with price breaking out to fresh 2020 highs. The move comes despite equities remaining near recent highs and is primarily driven by the sell-off in the US dollar. The greenback…
Read More

The precious metal gave up nearly half the gains from the previous day. After rising briefly above the 1800 level, gold prices are down about 0.5% on Thursday. Currently, price action is challenging the 1800 level. Given the…
Read More

Crude oil prices are down nearly 2% on Thursday. The declines come after prices failed to make any major gains above the 40.00 handle. This has formed an ascending triangle pattern, which seems to be challenged at the moment. A…
Read More

The British pound sterling managed to steadily rise towards the resistance level of 1.2643 on Thursday. But price action failed to breakout any higher, leading to a bearish candlestick on the four-hour chart. If this trend continues,…
Read More

The euro currency attempted gains, rising slightly above the 1.1347 level of resistance on Thursday. Prices were met with strong resistance and towards the close of the day, the euro was pushed lower. This puts the currency pair back…
Read More

Of late, the CAD hasn't benefited as much when the market has taken on an appetite for risk. Other commodity currencies have outperformed it, but this might not be so much Canada's "fault". The spread of coronavirus is theorized to be…
Read More

EURTRY rose to a 2-year high on June 22. The top at the 8.00 psychological level formed a firm resistance (psyres). The record high at 8.2051 is likely to be revisited shortly.  However, a valid breakout of the said resistance must be…
Read More