Orbex - Forex Trading Library

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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CHFJPY is running towards the small-deviation descending channel of the large-deviation descending channel starting Sep 21, 2017. After two sound tests on Mar 09 and Apr 29 - respectively - bears are re-attempting to penetrate the highly…
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Gold prices are likely to continue to trade within the levels of 1712.47 and 1691.76. This comes as risk appetite is improving slightly. With prices trading within the said levels, the bias also remains mixed. There is scope for both…
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WTI crude oil prices are up for the fifth consecutive session. As a result, the rally in oil prices saw them trading near the 25.00 level. This marks the completion of the double bottom pattern after a successful rebound. With prices…
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The British pound sterling is caught range-bound within the levels of 1.2485 and 1.2277. However, amid this consolidation, price action is posting a bearish head and shoulders pattern as the minor neckline support level at 1.2423 holds…
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The euro currency is falling for the second consecutive day, down close to 0.60% on an intraday basis. With the declines so far, price action is erasing the gains from the previous sessions. The support level of 1.0879 failed to step…
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The AUDUSD structure shows a bearish impulse consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern appear to be fully completed. At the time of writing, the intermediate wave (1) of ⑤ is complete.…
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Right now, most countries are looking towards ways to ease social distancing measures that harm the economy. Therefore, the next area we need to be focusing on is employment. The evolution of the jobs market is likely to be the key to…
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