Orbex - Forex Trading Library

Price action on USDCAD suggests that we are trading within the last primary wave Ⓒ of a simple correction. Wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5). With wave (3) completed a few weeks ago, we are now running…
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Tomorrow we have the release of the latest jobs numbers from the UK, and they are complicated. Traditionally the ILO Unemployment Rate is what often drives the market, but this time around, that's likely not to be the case. And then we…
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EURAUD Under Pressure for Lack of Positive Catalyst While the euro has been hammered by bitter dissension lately between members in regards to the rescue package, there could be light at the end of the tunnel. As countries started to…
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NZDUSD (NZDUSD): Un Complicato Riconteggio Delle Onde S2: 0.5863     S1: 0.5897     R1: 0.5987     R2: 0.6077 L’impostazione di breve per NZDUSD rimane al momento a propensione negativo, considerando margini di ulteriore downside…
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The German DAX Index has failed to reach the upside target of 11600. this comes following the bullish flag technical pattern of a few weeks ago. However, price action is well supported above the key price level of 10000. That said, the…
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Last Week’s Highlights Australia’s unemployment rate rises to 6.2% The latest labor market statistics from Australia saw the national unemployment rate rising to 6.2% in April. This was higher than the unemployment rate for March, which…
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The precious metal rose just under 1% on Friday, settling at 1743.94. But, this was not before rising to intraday highs of 1751.42. This also marks the upside target of the ascending triangle pattern. Gold prices were consolidating…
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WTI Crude oil prices finally saw an upside breakout on Friday as the commodity rose to a two-month high. Price rose over 6.5% on Friday, settling at 29.79 to the barrel. The resistance level at 28.00 was strong and kept price confined…
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The British pound fell to a two-month low into Friday’s close. The declines came about after the currency failed to hold on to the support level near 1.2277. The descending triangle pattern forming as a result, is validated after the…
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