Orbex - Forex Trading Library

Crude Oil held below the resistance of 59.90-60.25 and closed towards the target and support zone of 54.90, printing a 55.20 low. As long as the market remains below 59.90-60.25, the pressure could sustain over the market for…
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USDJPY fell below the support of 144.00 last week and below this level more pressure could affect market. As we see over the Intraday chart, the market is facing resistance around 144.40, where as long as prices hold below it, more of a…
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GBPUSD held trades inside our expected trading zone so far and tested 1.3435 and fell toward 1.3260 so far. The trading zone between the support 1.3200-20 and resistance 1.3435 could control the market for now. Above 1.3435 more…
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The Euro managed last week to test the edge of our support zone of 1.1245-65 and rebounded toward 1.1380. As long as the market holds above this support zone at 1.1245-65, the advance wave could sustain for a further advance. Below 1.1245…
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The market and economists are pretty much unanimous in expecting the Fed to hold rates unchanged in the upcoming FOMC rate decision on Wednesday. That had been the forecast for quite a while. The big change, however, happened with the…
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Canadian dollar (USDCAD) stuck in a range The Canadian dollar (USDCAD) looks for further direction as price action remains stuck sideways. The pair remains in a long-term consolidation as 1.3770 is an important support to prevent…
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Crude prices resumed their downward trend on Monday, hitting lows not seen since April 8th in the middle of the post-tariff market selloff. If it were to close below $60/bbl, that would be the lowest since early 2021 in the middle of the…
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New Zealand dollar (NZDUSD) stuck in descending channel The New Zealand dollar (NZDUSD) attempted to claw back recent losses after Friday's NFP numbers missed the consensus. The pair has recently struggled against the greenback, which…
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USDCAD remains bearish Trade tariffs have been the centre of attention in the past few months as the worries over an upcoming recession seem more and more likely. As the greenback continues its sell-off, traders have given up on a…
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