Orbex - Forex Trading Library

The euro currency is up over 1.3% on the day. Gains come for the fifth consecutive day as the US dollar is easing. After clearing the resistance level of 1.0900, price action is likely to continue towards the 1.1055 region. We…
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The primary bearish NZDUSD structure hints at a standard zigzag formation consisting of waves Ⓐ -Ⓑ -Ⓒ. Wave Ⓐ seems to have ended at the swing low, which gives bulls the opportunity to form a bullish 3-wave pattern in Ⓑ. This wave also…
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Like everywhere else in the FX markets, AUDJPY saw its share of volatility. The pair ended up testing 11-year lows to 59.88. It may have found a temporary bottom, as the current bounce suggests, and carries the potential for further…
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Gold prices are holding steady after rising above the 1600 level. Support is being tested near the 1594 level currently. If the support holds, then we expect price action to rise to the 1655 level. This will mark a full completion of…
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WTI Crude oil prices are holding steady despite retracing some of the gains from earlier in the week. Price action is currently forming a higher low above the 22.00 handle. The trend line needs to be breached to confirm the upside.…
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The British pound made some modest gains on Tuesday but price action fell sharply intraday. However, prices are now recovering from the intraday lows of 1.1639. Overall, GBPUSD remains range bound within 1.2000 and 1.1497. The…
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The euro is rising gradually with the gains coming at a modest pace. After breaking out to the upside above 1.0787, price action is holding above this level. As long as the support holds, we expect the next move to be toward 1.0900,…
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There was quite some speculation that the BOE would suspend its regularly scheduled meeting due to the coronavirus. Several other central banks have done so, and the BOE has already taken pre-emptive action by cutting rates and…
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USDCAD seems to be forming a large bullish impulse wave Ⓒ, which is based on five intermediate sub-waves (1)-(2)-(3)-(4)-(5). The current structure suggests that we are in a corrective wave (4) and perhaps this wave has not yet completed…
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USDJPY (USDJPY): Sui massimi di Febbraio S2: 111.126     S1: 111.191     R1: 111.351     R2: 111.511 Lo strapotere del Dollaro USA travolge anche la valuta nipponica, il cui rapporto con la divisa americana torna sui massimi di…
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