Orbex - Forex Trading Library

The four-hour chart on gold closed rather flat on Thursday. The metals market was closed on Friday for Good Friday. Although price action closed above the level of 1671.95, we anticipate a possible pullback lower. Watch for a close…
Read More

Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day. Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower. Further…
Read More

The British pound made a steady gain, rising to the upper end of the range at 1.2485. Into Friday’s close, prices were retreating lower. Failure to breakout above 1.2485 could keep the currency pair range-bound. However, a lot will…
Read More

The euro currency broke out past the resistance level of 1.0950 into Friday’s close. Price action advanced slightly higher to highs of 1.0951 before retreating. The current retracement will see EURUSD falling back to the 1.0950 level.…
Read More

The Fed's announcement was taken to heart by some of the institutions trading FX yesterday. Do you know why the new liquidity operations are riskier than ever seen before? And did you get a chance to see how gold has performed since…
Read More

The current USDCAD structure hints to the formation of a primary simple zigzag Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ are completed, whereas impulse wave Ⓒ is still under development. Wave Ⓒ consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5).…
Read More

GBPUSD(GBPUSD): Prossimo Il Reversal Del Pound S2: 1.2309     S1: 1.2387     R1: 1.2513     R2: 1.2639 Il “CABLE” in quest’ultima ottava ha confermato il superamento di quota 1.2480 dopo il violento re-coil dai minimi degli ultimi…
Read More

The precious metal is posting some modest gains to the upside after prices broke out off the previous highs near 167.95 level. However, the current price action suggests that some downside could persist. With prices consolidating into…
Read More

WTI Crude oil prices are trading volatile on Thursday. Price action rose to intraday highs of 28.32 while setting a low of 25.10. The volatility comes amid speculation that Saudi Arabia and Russia are agreeing on cutting oil output by 20…
Read More

The pound sterling continues to trade within the levels that it has been stuck within. Price action is currently testing the upper bound of 1.2485. But the weak momentum could signal a price failure to the upside. Therefore, we expect…
Read More