Orbex - Forex Trading Library

WTI Crude oil prices rose more than 2% intraday on Tuesday. The gains came on the back of developing fundamentals that are bullish for the commodity. With prices now rising higher, we expect the gains to continue. The next main…
Read More

The British pound continues to maintain its bullish stance. Price action rose to a five-week high, on the back of a weaker dollar. The next main resistance is at 1.2589 which could put the temporary gains on hold for the moment. This…
Read More

The euro currency is posting a strong recovery with price action rising to a three-month high. This comes as prices break past the key level of 1.1132. Further gains could see this price level turning to support. Therefore, a pullback…
Read More

The current SPX500 structure hints to a standard zigzag. The bearish pattern consists of cycle degree sub-waves a-b-c. Wave a completed in an impulsive manner. Correction wave b is under development at the time of writing. Wave b…
Read More

The BOC meeting tomorrow is going to be special. Not because we're forecasting a major change in policy, but because it's the first to be presided over by the new Governor Tiff Macklem. Analysts are going to be keen to interpret his new…
Read More

CADJPY has turned bullish since the 74.75 low was reached on May 7. Despite the pair trading within a descending channel (started Oct 3,'18), prices recently crossed above the median regression line. The breakout was also supported by a…
Read More

Gold prices opened higher on Monday, but price action has failed to make any major gains. We expect to see a flat close which could potentially suggest the downside building up. This also coincides with the lower high that is currently…
Read More

Oil prices rose to a two-month high on Monday, briefly rising above 35.50. But prices quickly gave up the gains. The retracement will likely see support forming near the 33.66 level. A reversal off this level will support the upside…
Read More

The GBPUSD currency pair is making steady advances after prices found support near 1.2277. The gains saw the British pound aiming for the 1.2424 level. Although the pair managed to rise to this level briefly, it has pulled back. We…
Read More

The common currency made attempts to rise past the 1.1132 price level on Monday. However, the gains were quickly erased as the currency was pushed lower. EURUSD is likely to confirm the resistance at 1.1132. This opens the downside…
Read More