Orbex - Forex Trading Library

WTI Crude oil prices once again dipped back to the major trend line to find support. Prices are inching closer to the 41 level of resistance which has held up firmly so far. This potentially puts the trend line at risk. If oil prices…
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The British pound sterling is trading choppy following the recent economic data out of the UK. However, the cable managed to break out following a drop to a 5-week low earlier in the day. As a result, GBPUSD has cleared the 1.2344…
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The euro was back near the 1.1261 level on Tuesday. But prices failed to make any major gains beyond this level. As a result, we have a double bottom pattern near the 1.1192 level. If there is a successful breakout, we expect the gains…
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There has been something odd about the yen, lately, tomorrow we might get some clues as to why. There is a host of key data coming out, but the Tankan survey could answer a couple of open questions. It could also give better insight into…
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On Monday afternoon, Iran issued an arrest warrant for US President Donald Trump. This came after Iranian officials accused him of his involvement in the January 3rd drone attack that killed Iranian General Qassam Soleimani.  Tehran's…
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The USDCAD 78.6% retracement down at 1.33165 triggered a strong bullish move. Apart from a critical Fibonacci correction zone, it marked a confluence level with the trendline support TS2 starting Dec '18. Prices, however, have not yet…
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The precious metal is trading rather flat on the day following an attempt to push higher. However, with prices trading just below the previous highs, we expect this consolidation to result in a breakout. The bias is slightly to the…
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Oil prices are trading bullish on Monday as prices rose over 3.5% on the day. Price action is finding support off the rising trend line, leading to this rebound. However, the current gains will see price challenging the technical…
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The British pound sterling is trading slightly weaker, but declines are accelerating after prices broke down off the technical support. The price level near 1.2344 has held up as support in previous tests. But the current breakdown off…
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