Orbex - Forex Trading Library

The GER 40(DAX)hitting key resistance The GER 40(DAX) continued to recover as President Trump's proposed EU tariffs didn't seem to worry investors too much. The price has come off the psychological tag of 23000, where a previous strong…
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The market is in as close to agreement as it can be that the RBNZ will cut rates when its May meeting ends on Tuesday. But there is considerable uncertainty about what it will do after that, allowing for the chance of a 50bps cut. Which…
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USOIL (crude WTI) looking for direction USOIL (crude WTI) continues to slide as ongoing global tensions keep the pressure on prices. A drop into the oversold territory for the RSI saw a slight bounce towards 62.00. With the round…
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EURUSD clawing back losses The euro firms up as the Fed is expected to give more hints at what direction to take at this week’s FOMC meeting. With the Fed policy dominating trader sentiment for a while now, it’s now the turn of the…
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The Dow managed to break below the support of 42140 two days ago and managed to drop towards the target of 41600-700. Prices today broke below the support of 41600 on the Trump announcement that 50% tariffs on Europe start from the 1st of…
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Prices hit a high around 64.10 two days ago and fell lower to close again to the support zone of 59.50-90. As we see from the chart, the market faces resistance around 64.80, where as long as prices hold below it a chance for a correction…
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Gold held above the support at 3275 while managing to advance towards 3350. As we see over the chart, the market faces resistance around 3365-70 which could push for a drop toward 3275-95. Above 3370 the market could have chance for an…
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GBPUSD broke above the resistance of 1.3360 and hit the target of 1.3440. As we see over the chart, prices are facing support around 1.3315-30, where as long as the market remains above it, the advance wave could expand towards 1.3635.…
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USDJPY managed to hit below the 143.00 level which could be a sign for a further drop. As we see over the Intraday chart, the market is facing the first resistance around 143.60. If prices remain below that level, the drop pressure could…
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