Orbex - Forex Trading Library

WTI crude oil is attempting to pare losses from the earlier sessions this week. Following the decline to the 37.67 level, oil prices are rising steadily. However, we have a range established between 40.00 and 37.67. Only a breakout…
Read More

Gold prices made some modest gains but the rally was capped near the 1724 handle. As expected, price action quickly reversed after a brief test to this level. If the declines continue, we expect XAUUSD to pull back to the 1700 level.…
Read More

The British pound sterling continues to remain on the front foot after price is trading comfortably above the 1.2750 handle. However, the steep pace of gains is likely to see prices snapping back. The breakdown of the minor trend line…
Read More

The euro currency posted strong gains for the second consecutive day. The gains were largely driven by a softer greenback. Price action is attempting to test the key price level of 1.1400. However, unless there is a strong breakout above…
Read More

This isn't the first time that a white police officer's brutality against a black person resulted in death. Nor is it the first time such an incident was captured on tape in harrowing detail. It isn't even the first time all this has…
Read More

USDCNH seems to be forming a cycle degree wave V which is taking the form of an ending diagonal and consists of five primary sub-waves ①-②-③-④-⑤. At the time of writing, the corrective wave ④ is more than halfway through its completion.…
Read More

GOLD (XAUUSD): Onda 4 In Un Triangolo Rialzista S2: 1,684.5     S1: 1,703,2     R1: 1,735     R2: 1,766.8 L’Oro continuazio a consolidare secondo un modello triangolare che ingloba chiaramente un’articolata Onda 4 del ciclo impulso…
Read More

Crude oil prices extended declines but the price level near 37.67 is holding up the commodity for now. A rebound off this level should be followed by a move higher. Therefore, watch for oil prices to test the 40.00 level and probably…
Read More

The precious metal is up over 1% intraday on Tuesday. The gains came after prices bounced off the lower support level near 1671.95. Following this, the breakout of the falling trend line also confirms the upside view. The next key…
Read More