Orbex - Forex Trading Library

Gold prices pulled back after posting a fresh seven-year high. But a day after the retracement, gold is back to testing the previous levels. As a result, an interim support level is formed within the 1712 and 1700 levels. As long…
Read More

A day after WTI crude oil prices fell to lows near 19.25, price action is posting a rebound. But the overall gains remain limited as oil prices consolidate between the 22.00 and 19.25 levels. Unless there is a breakout from one of…
Read More

The pound sterling failed to capitalize on the gains in the earlier sessions. This has pushed GBPUSD back below the key price level of 1.2485. Given that this is the upper end of the previous range, there is scope for prices to…
Read More

EURUSD is down over 0.70% intraday. The declines come as the USD is strengthening for the second consecutive day. Following yesterday’s pullback from the initial decline to 1.0860, the price level near 1.1055 held up amid selling…
Read More

This is it! This is the moment many have been waiting for since China said they'd managed to control the COVID-19 outbreak and would start reopening the economy. How much of an impact did the outbreak have on the world's second-largest…
Read More

Gold prices are down about 0.40% intraday. The declines come after prices briefly rose to highs of 1747.04 on Tuesday this week. Despite the retracement, price action in gold remains solidly poised to the upside. The lower support…
Read More

Crude oil prices continue to push lower, losing over 5% on Wednesday. The declines come as forecasts for the global outlook for crude oil indicate a sharp fall. This comes just a day after Saudi Arabia and Russia agreed to production…
Read More

The pound sterling lost some ground, down over 0.80% intraday. However, prices are recovering after the level near 1.2485 didn't manage to stall the declines. The Stochastics oscillator is hinting at a potential hidden divergence.…
Read More

EURUSD is down over 0.60% on the day. This came as price strongly broke past the price level of 1.1055. However, the euro quickly reversed the declines. Price action is back near the 1.1055 level for the moment. A breakout above…
Read More