Orbex - Forex Trading Library

The euro currency continues its consolidation as price action was somewhat flat into Friday’s close. However, the intraday gains to highs near 1.0895 and the subsequent decline could mark the right shoulder of the head and shoulders…
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Biased to the upside, NZDUSD has just bounced off the lower end of the ascending channel starting Apr 03. With the RSI(9) supporting the move, the pair is heading towards the psychological 60c once again. The round level is an…
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In the popular Netflix show "Money Heist", the titular character of the Profesor orchestrates an elaborate heist of the Spanish Royal Mint in which the robbers steal nothing, opting instead to print themselves hundreds of millions of euros.…
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EURJPY(EURJPY): Onda 5, Tutto O Niente S2: 106.51     S1: 106.903     R1: 107.537     R2: 108.167 L’impostazione di breve per EURJPY rimane al momento neutra, considerando margini di ulteriore upside per il recupero fulcrato sui…
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Gold prices are up close to 0.80% on the day led by a modest risk-off rally. This comes amid renewed tensions between the United States and China. The breakout off the 1712.50 level comes after a prolonged period of consolidation.…
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Oil prices are up over 3% intraday after the EIA report showed a drawdown in crude oil inventories on Wednesday. At the same time, Saudi Arabia’s Aramco reported that they will cut back on crude oil allocation to some Asian countries.…
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The pound sterling fell to a one month low on an intraday basis after the currency pair lost the 1.2277 support area. Price action is currently rebounding following the declines. But, the gains will likely stall near the 1.2277 level…
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The euro currency continues to extend declines. The support level near 1.0811 was lost. In the process, price action is forming a potential head and shoulders pattern. The neckline support is forming at the 1.0793 level. Currently,…
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The current SPX500 structure shows a completed impulse wave a. The cycle degree pattern is followed by a zigzag in wave b. Wave b consists of primary sub-waves Ⓐ, Ⓑ, Ⓒ. At the time of writing, only the primary waves Ⓐ and Ⓑ are complete.…
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