Orbex - Forex Trading Library

The EURUSD currency pair extended declines to the lower end of the range at 1.0787. But after slipping to this level, the common currency prompted a quick rebound. As a result, we could expect prices to recover off the lower support…
Read More

The current XAUUSD structure suggests that we are near the end of the cycle-degree impulse that consists of sub-waves I-II-III-IV-V. Wave V of the 5-wave impulse consists of primary sub-waves ①-②-③-④-⑤. It is also an impulse. After…
Read More

Tomorrow we get an inside look at the US economy. Specifically, we get to see the potential for the coronavirus outbreak to have a lasting effect on the economic outlook. Durable Goods Orders is one of the key metrics we want to be…
Read More

The South African Rand lost around 27% against the US dollar, skyrocketing from a low of 15.20 to an all-time high of 19.34. USDZAR is currently appreciating again, following a minor bearish correction. The weekly chart above…
Read More

Trend-following in forex is one of the most common ways to position oneself in the FX markets. Trends usually take a lot of time to form and likewise, it takes a lot of variables for the trend to change direction. Given the wide…
Read More

A day after posting declines, gold prices are recovering, erasing the gains from the previous session. Prices are up close to 1.50% intraday as gold is seen trading close to the price level of 1712.50. As long as prices do not break…
Read More

Crude oil prices are up close to 10% on an intraday basis. This comes following the strong volatility that came on the back of the May futures contracts expiring into negative territory. Price action is now trading above the 11.86…
Read More

The pound sterling fell to the lower end of the range at 1.2277. However, prices caught a bid leading to a quick rebound. The recovery was not sharp and the GBPUSD is seen once again giving back the gains. There is a possibility…
Read More

The euro is trading weaker on the day, giving up some of the gains from the previous session. This comes as the US dollar index is posting gains for the third consecutive session. But EURUSD price action remains muted. So far, prices…
Read More

For traders in stocks and currencies, the worst that can happen to their asset is that it can go to zero. That would lead to a significant loss. And it is definitely something to be worried about. But, no one's really thought of the…
Read More