Orbex - Forex Trading Library

WTI crude oil prices are trading steadily above the key price level of 37.67. Price action has, however, failed to post any higher highs. As a result, we see a double top pattern emerging near 38.60. If this pattern is validated, then…
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The euro currency is trading weaker for the second consecutive day. This comes right after Monday saw a strong bullish engulfing pattern that emerged. However, following the failure to breakout above 1.1347, prices are pushing lower.…
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Market performance yesterday suggested that positive risk sentiment has become pretty solid. Before European trading started, there were two geopolitical events that would ordinarily spook investors: reports of an explosion along the DMZ…
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Despite trading with an upside bias, USDMXN's rejection at the 38.2% Fibonacci could be spelling a shift. The 23.00 psychological resistance is also where prices meet the median line of the lower regression zone. This makes the…
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NATURAL GAS (NGAS): A Rischio Il Supporto A 1.50 S2: 1.544     S1: 1.579     R1: 1.667     R2: 1.755 Le quotazioni del Natural Gas si trovano in prossimità di un importante supporto stimato appena sopra quota 1.50, che sembra…
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The precious metal continues to trade flat. However, prices in the safe-haven asset remain steady despite equity markets posting strong gains. The risk-off sentiment has so far left gold prices untouched. The support area near…
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WTI Crude oil prices are back on the forefront, rising over 3% intraday. The gains come on some fundamental bullish news and supports the upside in price action. At the time of writing, crude oil prices are comfortably trading above…
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The British pound is trading weaker on the day, offsetting the gains from the previous session. Price action gains from Monday are at a threat of being erased. However, prices remain choppy for the moment. The resistance level of…
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