Orbex - Forex Trading Library

EURUSD grinds major support The euro retreated further as strong GDP data from America saw another 100 pips wiped off the pair. On the chart, the price is grinding against the recent bottom at 1.1650, as this is a critical level to halt…
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(UKOIL) crude meets heavy resistance (UKOIL) crude prices remained indecisive with concerns over global demand and elevated risks of a slowdown. The current bullish rally was capped by potential oversupply from the Middle East. With…
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The Dow has begun to show weakness in reflection of a Rising Wedge formation. As we see over the chart, the market is facing resistance around 46125-225, and if prices remain below it, more of a drop towards 45600 and 44925 will…
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As we see over the Intraday chart, Gold seems to be building a trading zone inside a triangle formation, with a support zone at 3720-28 and a resistance zone at 3755-62. Above 3762, a further advance with resistances at 3791 and…
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Crude Oil managed to pass above the resistance at 64.00-20, which could push for a further advance as the market faces resistance around 65.80. If prices fail to break above 65.80, this could lead for another drop. However,…
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USDJPY managed to break above the resistance of 149.15 and this move could lead to a further advance. The market now targets towards 150.45 and 151.25-45. As we see over the Daily Chart and as long as prices remain below the…
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GBPUSD fell below the support of 1.3420 and managed to add more of a drop towards the target of 1.3330. As we see over the Intraday chart, as long as the market remains below 1.3465, a chance for a further drop towards 1.3250 is…
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The Euro fell below the support of 1.1700 which could lead to a further drop. As we see over the Intraday chart, the market faces the first resistance around 1.1750, where as long as prices hold below it, the pressure could…
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Perceptions about what the outlook for rates in Australia are have shifted substantially since the last RBA meeting. Even policy setters themselves have changed their position. This has left markets more vulnerable to a surprise at next…
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