Orbex - Forex Trading Library

Gold prices are trading rather flat on the day following last week's gains. Price action is trading near the ascending wedge pattern amid some choppy trading. If XAUUSD fails to breakout above the previous highs of 1643, then we…
Read More

Oil prices are down over 6% on the day as price broke past the previous support of 22.00. On an intraday basis, oil prices fell to lows of 19.85 before pulling back modestly. The breached support area of 22.00 will now turn to…
Read More

The British pound is retracing some of the gains from Friday’s session. However, price action looks bullishly positioned. There is scope for a decline to 1.2277 where support could be forming. This will position the currency pair…
Read More

The euro currency slipped, losing more than 0.50% on the day. However, price is being supported off the lower median line. If price follows through above the previous highs of the 1.1133 region, then we expect further gains above the…
Read More

Over the next few days, we get the release of all the PMIs from China. And this is going to be really interesting! PMIs are the most up-to-date fundamental data that the markets get. And this data was collected mostly last week.…
Read More

The current GBPJPY structure shows an intermediate corrective wave (B) that consists of minor sub-waves A-B-C. Following (B), the market started moving in wave (C), which is likely to end the correction in the minor degree at fresh…
Read More

The pair fell heavily on the backdrop of COVID-19 as the Swiss Franc found safe-haven flows and the British Pound lost attraction on bids. The pound has actually lost around 1,700 pips against the Swiss Franc in 5 weeks of intense…
Read More

GBPUSD(GBPUSD): Reazione Agli Sgoccioli Per Il Pound S2: 1.2063     S1: 1.2277     R1: 1.2957     R2: 1.2917 Il Pound ha vissuto una settimana sugli scudi, recuperando quota 1,15 dopo aver segnato i minimi degli ultimi 35 anni e…
Read More

Last Week’s Highlights - US government unleashes $2 trillion package to deal with COVID-19 The Trump administration on Friday signed a $2 trillion relief bill to deal with the economic devastation caused by the pandemic. This is the…
Read More