Orbex - Forex Trading Library

The key to tracking the economic recovery post-COVID is the return to consumer demand. And we can measure this with retail sales. One of the concerns about a potential "second dip" in the markets is if demand doesn't return fast enough…
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The precious metal has consolidated around the 1725 level over the past few daily sessions. This sideways consolidation is likely to suggest that we could see a breakout move in the making. But the bias remains mixed as prices could…
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WTI crude oil prices are trading steadily above the key price level of 37.67. Price action has, however, failed to post any higher highs. As a result, we see a double top pattern emerging near 38.60. If this pattern is validated, then…
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The euro currency is trading weaker for the second consecutive day. This comes right after Monday saw a strong bullish engulfing pattern that emerged. However, following the failure to breakout above 1.1347, prices are pushing lower.…
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Market performance yesterday suggested that positive risk sentiment has become pretty solid. Before European trading started, there were two geopolitical events that would ordinarily spook investors: reports of an explosion along the DMZ…
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Despite trading with an upside bias, USDMXN's rejection at the 38.2% Fibonacci could be spelling a shift. The 23.00 psychological resistance is also where prices meet the median line of the lower regression zone. This makes the…
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