Orbex - Forex Trading Library

The euro currency is consolidating after price action closed below the trend line in the previous session. However, with prices trading rather flat, there is scope for a rebound back above the trend line. In the near term, the price…
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At first glance, it might seem obvious which industries would benefit the most from ending the lockdowns. Of course, it would be the ones most affected by the lockdowns. It seems logical, but, the economy is a little more complicated…
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Starting Jan 15, 2017, GBPCAD has traded within the positive region of the ascending channel. Numerous attempts to penetrate the ascending trendline starting Sep 06, 2017, have failed. Bears have proven to be stronger than bulls…
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Price action in gold remains somewhat mixed. However, over the past few sessions, there is a descending triangle pattern that is likely to emerge. The support level is at 1671.95 which has been tested twice so far. If gold prices lose…
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WTI crude oil prices are down about 7% intraday. This comes after prices were rallying sharply in the previous six sessions. The retracement is showing prices testing the 25.00 handle. As long as this level holds, crude oil prices see…
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The smaller head and shoulders pattern that emerges from the range-bound trading in GBPUSD has been validated. This potentially signals a move back to the lower end of the range at 1.2277. Given that GBPUSD has breached the neckline…
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The euro lost the 1.0818 handle as it extended declines from the previous session. However, prices are now trading near the trend line form the daily chart. Overall, the EURUSD is consolidating into an ascending triangle pattern.…
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This week we get the latest employment data out of the US. This could give some clues as to whether the market has bottomed out or whether we can expect another excursion lower. There are two bits of data being released tomorrow that…
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DAX (Germany30): Ancora In Upside Ma Senza Forza S2: 10,170 S1: 10,367 R1: 10,705 R2: 11,043 Apprezzabile sequenza rialzista per l’indice DAX che dopo aver reagito sui minimi di marzo a quota 8,200 si è proposto con un forte…
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