Orbex - Forex Trading Library

The euro's attempt to post gains were short-lived as price action is down close to 0.5% intraday. The declines came after Monday's session saw prices rising sharply. However, failure to breakout above 1.1347 sent the euro lower for the…
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The GBPUSD structure shows a bullish zigzag consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The 3-wave pattern is the final part of a cycle-degree triangle a-b-c-d-e. Currently, prices are structuring an intermediate-degree impulse in wave Ⓒ.…
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Some of the recent economic indicators are lining up with what we saw in Japan in the late '80s, prior to the massive stock crash which led to what's known as "the Lost Decade". It's wise to pay attention to some of the warning signs…
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AUDNZD is struggling to get past the Aug '18 trendline resistance TR1 near the 50% Fibonacci of the bearish leg down to 1.05, at 1.0722. However, the pair has broken the TR1 trendline twice over the past few weeks. This suggests that…
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The recent reversal in gold prices has pushed the precious metal close to the previous highs. Price action reversed direction, just a few points above the technical support of 1700.00. For the moment, price action is testing the price…
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Crude oil prices are posting modest gains, up over 1.4% on the day. This rebound comes after prices held up near the 34.42 technical support. To the upside, WTI crude oil is approaching the price level of 37.67. A breakout above…
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The British pound sterling is posting gains after the support level near 1.2516 is holding up. The rebound remains in line with the view of a retracement ahead of a correction. The downside bias remains as long as GBPUSD is trading below…
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The euro is up, in an attempt to reverse losses from last Thursday and Friday. Price action rebounded after slipping below the 1.2616 level, which is now serving as support. While the near term outlook remains to the downside, price…
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The current EURUSD formation hints to a bullish double zigzag Ⓦ-Ⓧ-Ⓨ. Primary wave Ⓦ, consisting of intermediate sub-waves (A)-(B)-(C), looks fully completed. Currently, the market is moving down in the first correction of the…
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After April GDP figures disappointed on Friday, there has been an increase in pessimism around the upcoming labor figures out of the UK. Tomorrow's data reflects the first whole month of shutdowns. This will, therefore, give us some…
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