Orbex - Forex Trading Library

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…
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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…
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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…
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The euro currency is rising back following a pullback from the earlier session. Price action broke past the previous highs near 1.0905. This could potentially confirm further upside that could push prices toward the resistance level of…
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Usually, CPI data from China primarily affects CNH, since it mostly has implications on PBOC policy. But we aren't in a "usual" situation. Just like many are looking at China for clues as to how the coronavirus outbreak will progress,…
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The month of March was very volatile for USDNOK. USD surged 9000+ pips against the NOK. From the swing low of 9.1793 to the peak high of 12.1186, the pair was knocked off its feet by posting all-time highs. Price is currently on a…
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Gold prices are trading steadily near the resistance level of 1655. At the time of writing, gold is trading near the minor trend line. To confirm the downside, a breakout from this level is required. The lower support at 1594 –…
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The pound sterling is building up on some modest momentum. This comes after prices retreated back to the support area of 1.2277. At this rate, we expect the upside bias to persist. In the near term, the upside range of 1.2485 will be…
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The euro currency is giving back some of the gains following the strong rally in the past few sessions. After rising to a local high of 1.0903, price retreated slightly lower. This has formed a higher low as a result. If price breaks…
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