Orbex - Forex Trading Library

The euro made attempts to rise above the resistance level of 1.1261 level on Monday. However, price action was trading weaker as the euro failed to breakout above the technical resistance. For the moment, the euro is trending lower in…
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As we are coming to the conclusion of the second quarter, we are about to hit a deluge of key economic data. This data will likely determine whether we keep trending in a V shape, or turn down into the second wave of the W. The increased…
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GBPJPY Bounces Off 4-Week Low The pound sterling has begun a tentative recovery after giving back all its gains in June. However, its advance might not be a smooth ride as ongoing Brexit talks may stir up volatility. The EU’s…
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CRUDE OIL (US Crude Oil): Argine Su Quota 40 Dollari S2: 36.983     S1: 37.737     R1: 39.297     R2: 40.857 L’intensa attività da parte dell’OPEC sui tagli alla produzione e il maggioro assorbimento di scorte da parte dell’economia…
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Last Week’s Highlights US home sales fell by 9.7% in May The monthly home sales report from the United States saw a 9.7% decline in May. This came despite interest rates staying at record lows. Existing home sales fell by 3.91 million…
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The major US index was trading soft last week. Heading into Friday’s close, price action was back near the 3000 level. For now, a cccc However, it also raises the odds of a downside breakout. We expect the S&P500 to maintain a…
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Price action in the precious metal is somewhat choppy. But so far, gold is holding up firmly above the 1750 level. For the upside to continue, gold needs to close out above the June 24th highs of 1779.15. This will potentially set the…
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Oil prices maintain a soft trend with prices hugging the rising trend line. Price action suggests that the upside momentum is waning. Oil prices closed right near the major trend line on Friday. We expect to see a possible bounce to…
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The pound sterling maintains a bearish trend as price action closed near a three-week low on Friday. The declines came amid consistent lower highs forming since 16th June. Price action is now testing the price level near 1.2444. Given…
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