Orbex - Forex Trading Library

Oil prices finally managed to push higher and hit the 40.00 psychological level. Following the gains to this resistance level, oil prices are pulling back. We expect prices to potentially pullback in the short term. The initial…
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The British pound extended its declines on Friday as price action settled near the 1.2368 level. The decline to this level confirms the correction that has been underway. For the moment, prices might consolidate. The upside level near…
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The euro currency closed out the week on a bearish note. Price action on Friday was to the downside following a brief intraday spell to the upside. With the resistance level at 1.1261 clearly established, the downside for the euro opens…
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The current SPX500 structure hints to a bullish impulse pattern of a cycle degree consisting of primary sub-waves ①-②-③-④-⑤. Presumably, the first four parts of this impulse are already fully complete, whereas wave ⑤ is still under…
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DAX (Germany30): A Caccia Dei Massimi S2: 12,024.2     S1: 12,159.2     R1: 12,447     R2: 12,741.2 Precisa e puntuale l’analisi precedente sull’indice DAX, che dopo aver reagito sui minimi di marzo a quota 8,200, si è proposto con…
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Of course, no two recessions are identical. But there are certain parallels that we can use to gain some insight into how the current recession might evolve. More importantly, what it implies for a few months down the road when economies…
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The precious metal continues on with its consolidation. Price action has been trading close to the 1724 level showing no signs of giving up. This comes amid lack of any fresh fundamentals. As a result, gold prices remain caught in a…
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WTI Crude oil prices are back on the front again after price is resuming its uptrend. Following the consolidation near the 37.67 level, oil prices are pushing higher. This could potentially set the stage for oil prices to rise to the…
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GBPUSD fell sharply on Thursday as price inched closer to the identified support area of 1.2368. The declines came on the back of the BoE meeting and a weak economic outlook. With the support level near 1.2516 clear, price action has…
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The euro currency continues its descent after the brief retest to 1.1261 failed. This has resulted in resistance forming at this level and has since pushed prices lower. The euro currency is down about 0.47% lower intraday. The…
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