Orbex - Forex Trading Library

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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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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