Orbex - Forex Trading Library

The pound sterling gave back some of the gains from last Thursday as a result of the BoE rate cut. Price action is lower again, but a bottom looks to be in place at 1.1497. With the resistance level at 1.2000, we expect the GBPUSD to…
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The euro managed to recover slightly into Friday’s close, but is still down over 7% from the 9th of March close of 1.1470. Price action on the 4-hour chart shows a double bottom pattern in place. This suggests a possible upside breakout.…
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Reversal patterns, as the name suggests, change the course of an ongoing trend, whether it is bearish or bullish. For example, if the price action indicates that the trend is moving upwards, then this should eventually see an end to the…
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The financial meltdown has spared no indices. The UK100 plummeted to levels last seen in 2011, just shy of the critical level at the 4500 handle. It’s a confluence of some major tops and bottoms seen during the 2008 market crash. These…
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As we mentioned in our last article, we are in the midst of a credit crunch. Central banks are engaged in unprecedented actions in an effort to stave off a financial crisis which could lead the world into a recession. We already…
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DAX (Germany30): Prossimo Innesco di Onda 4 S2: 8,355.8 S1: 8,675.8 R1: 8,916.8 R2: 9.301,4 Il grafico evidenzia il supporto in area 8.235 trovato e successivamente ritestato dall’indice DAX dopo un violentissimo ribasso che ha…
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Gold prices are consolidating within the range of the 1483 – 1462 region. Price action is in the midst of forming a bottom if the lower range doesn’t break. Therefore, the bias remains to the upside. A successful breakout above 1483…
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Crude oil prices finally caught a bid after falling to $20 a barrel. If the upside continues, we expect oil prices to test the 28.00 level of resistance. We estimate price action to remain range-bound within the 28 – 20 handle.…
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The Bank of England cut interest rates in a move to combat the coronavirus pandemic. GBPUSD price action is rebounding off the 1.1489 level. If this bottom forms, we expect the upside near 1.2000 to be tested in the near term. The…
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The euro is down over 2% intraday as price action fell to a three-year low of 1.0655. The declines continue, filling the gap from April 2017, as the US dollar maintains a firm footing. A rebound above this level will see a possible…
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