Orbex - Forex Trading Library

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…
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The Aussie dollar is set to have a good week with a barrage of data out of China coming in better than expected. There are two major risk events on the calendar over the next couple of days. However, the consensus is that they won't get…
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Last week’s highlights Japan’s industrial output falls 9.1% in April Japan’s industrial output for April fell strongly by 9.1%, according to data from the Ministry of Economy, Trade, and Industry. This was bigger than the forecasts of a…
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DAX (GERMANY 30): Spinta In Esaurimento S2: 11,476.6     S1: 11,531.7     R1: 11,686      R2: 11,840.2 L’indice DAX sta esprimendo un trend rialzista fulcrato sui minimi di Marzo ben inscatolato in un canale di regressione…
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The German DAX index maintained a steady rally as last week, price hit the 11600 target. This marks the completion of the bullish flag pattern that was identified a few weeks ago. Prices briefly rose past this level before consolidating.…
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EURCHF Surges Higher on Stimulus Hopes The euro climbed to an 11-week high against the Swiss franc after the European Commission proposed a 750 billion euro recovery plan. Optimism grows as the EU’s 27 nations are expected to settle…
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Gold prices rose over 0.8% on Friday but prices stalled near previous highs of 1733.0. While this is a minor resistance level, the gains could push price action closer to the next main resistance level of 1747.00. Only a convincing…
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WTI Crude oil prices rose over 4% on Friday and closed above the 33.66 level. However, price action remains a bit doubtful at the moment. This is, of course, unless we see a strong rally above this handle. The next main target…
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The GBPUSD currency pair is near a two-week high. After clearing the price level near 1.2277, price action is having an upside bias. The next target is at 1.2424, marking a strong resistance level from earlier attempts. As a…
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