Orbex - Forex Trading Library

The markets lost their appetite for risk in the latter part of June. This was mainly due to reports of increased cases of COVID-19 around the world, leading to fears of another lockdown. But, whether we are heading into a second wave is…
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On June 10 USDNOK found support at the 9.1909 lower channel. It has since rallied to a high of 9.8136. While the overall scope is bearish, a hidden divergence points to a window of opportunity towards the upper channel. A bounce at…
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DAX (Germany30): Il DAX Perde Grip Rispetto Agli Altri Indici S2: 12,258.3     S1: 12,433.3     R1: 12,473.5     R2: 12,650.9 Precisa e puntuale l’analisi precedente sull’indice DAX, che dopo aver reagito sui minimi di marzo a quota…
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The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to…
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WTI Crude oil prices are back near the technical resistance level once again. This comes amid price action remaining caught within the trend line and the horizontal resistance level. Price action needs to breakout higher above this…
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The British pound sterling rallied to the resistance level near 1.2516 level. However, price action is pulling back after a rally to that level. We could expect the pullback to continue to the trend line breakout. In the process, watch…
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The euro currency continues to maintain a sideways range. Prices are showing a strong consolidation around the 1.1261 level. Another attempt to rise above this level was met with resistance. For the moment, the falling trend is also…
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GBPUSD seems to be forming a cycle degree wave e. It is a triple zigzag that consists of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of the primary degree pattern seem fully complete. At the time of writing, final…
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There's been quite a bit of talk in the media of late about increasing cases in Australia, which has gotten many worried the county will return to lockdowns. It led to the suspension of flights between Melbourne and Auckland in the…
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