Orbex - Forex Trading Library

USDJPY intra-day analysis USDJPY (110.63): The USDJPY is seen attempting to pare losses as price action fell below the 110.70 handle yesterday. In the short term, the resistance level at 111.00 - 111.88 remains in play, as price action…
Read More

NZDUSD intra-day analysis NZDUSD (0.7253): NZDUSD posted declines yesterday but price action has formed an inside bar as a result. This could potentially suggest a correction on a downwards breakdown. The support level 0.7160 remains the…
Read More

The Bank of Canada is set to hike rates this week and will be holding its first monetary policy meeting of the year. According to many, the BoC is expected to hike interest rates by 25 basis points at this week's meeting. The rate hike…
Read More

Will the Bank of Canada hike it's rates on this coming Wednesday? Some say it should and will. Others think rates should be kept on hold due to heightened uncertainty surrounding negotiations about the North American Free Trade Agreement.…
Read More

Dow managed to head toward target 25980 while managed to break above where market facing now Intraday resistance at 26080 Market may have chance for trading zone between support 25900 and resistance 26200 While as long as market…
Read More

Gold managed to retreate before testing resistance 1350-55 Intraday levels showing support at 1322-26 where as long as market holding above another advance wave toward 1350-55 will be expected Below 1322 more drop toward 1310 and…
Read More

As we advised last week and as we see over our previous chart Crude oil managed to break above resistance 62.60 where market may have chance to sustain advance as next resistance laying at 66.00-60 zone From that zone market may have…
Read More

As we advised yesterday and as we see over our previous chart Market still facing first resistance at 111.05-10 where as long as market holding below more drop toward 109.50 and maybe 108.15 may hit the maket Above 111.10 market may…
Read More

As we advised yesterday and as we see over our previous chart British Pound failed to break above resistance 1.3820-40 which activated another drop correction wave that may target 1.3640-60 zone as we advised before From that zone…
Read More

Euro managed to head towards a drop correction as the market edged into the overbought zone today. Early today EURUSD fell below the 1.2240 support. The market is now facing a support level at 1.2180 which, if the currency pair manages…
Read More