Orbex - Forex Trading Library

Analysts seem to be agreeing that the ECB(European Central Bank) is fast approaching the end of its rate cutting cycle, unless there is a major change in the trajectory of the economic data. The vast majority of economists now expect just…
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The S&P(S&P 500) ignoring the crisis The S&P(S&P 500) pushed to another fresh high as tech stocks continue to propel the market. It appears that investors have brushed aside lingering geopolitical concerns and pinned…
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(FTSE) UK100 finds support The (FTSE) UK100 saw another dip towards the 8700 level, but prices bounced slightly higher. A bullish reversal would prompt sellers to cover, easing the downward pressure and paving the way for a recovery to…
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The Dow managed to break above the resistance of 43300 which could now push for a further advance toward resistances 44035 and 44550-90. Intraday levels show the first support at 43100 and the second support at 42700-800. If prices hold…
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Gold held below the second resistance of 3355 and managed to drop towards 3284 and below. As we see over the chart, Intraday levels show support around 3270 with resistance around 3301 which could create a trading zone. Above 3301, a…
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USDJPY hit below the support of 144.30 yesterday which could push for a drop to test the support trend at 143.30-40, which in turn could cause a rebound with resistances around 144.95 and 145.70-90. Below 143.30 more of a drop toward…
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Crude Oil hit a fast correction as result of easing tensions in the Middle East. Prices managed to hit targets 71.45, 68.00 and closed from the third support of 63.70. As we see over the chart, and as long as the market holds above 63.70,…
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GBPUSD advanced and tested the resistance zone of 1.3745 yesterday. As we see over the chart this resistance zone 1.3745-75 could push for a correction within the trading zone area toward the support 1.3370. Above 1.3775 the market could…
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The Euro hit the second target at 1.1690 and above. As we see over chart, the market is still on the uptrend wave which still looks for the third target of 1.2000. Intraday levels show the first support around 1.1650-60 where as long as…
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After being one of the most aggressive rate cutters, the European Central Bank(ECB) might have been the first major central bank to signal that easing is coming to an end. Of course situations vary between countries. But, a general trend…
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