Orbex - Forex Trading Library

( UK 100 )the FTSE bounces off resistance ( UK 100 )the FTSE dropped almost 100 points amid lingering doubts about a global sell-off as the Middle East conflict rages on. A fall below the previous high of 10640 suggests that the…
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The UK was set for a fairly positive start to the year, allowing the pound to be relatively stronger against its peers. Even amid the market chaos from the war in the Middle East, the pound has been one of the better-performing currencies…
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The Dow dropped as investors start to see how far is US President view is away from reality. Prices managed to meet the first target at 47000 as more of a drop could hit the market, depending on the Oil price behaviour. As long as the…
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Gold met the target zone of 5117-40. As we see over the chart, the market could have the chance for a trading zone between support 5117 and resistance 5175. Below 5117 more of a drop toward 5060 could hit the market. Above 5175 more…
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Oil prices rallied after an attack on tankers in Iraqi waters highlighted the threat to energy infrastructure and stoked concerns of an escalating conflict in the Middle East. Prices managed to hit the target of 94.50. As we see over the…
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As we see over the chart, the market is facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and 152.00-50. Above 159.45 more advance could hit…
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The pair managed to retreat from the resistance 1.3480 as the target is still towards the support of 1.3250-70. Below 1.3250 more of a drop could be available with support at 1.3000. Above 1.3480 more advance will be expected towards…
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The Euro managed to retreate from the resistance of 1.1655 whilst closing from the support at 1.1500 which could push for a rebound. As we see from the chart and if prices hold below the said resistance, the pressure will still affect the…
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EURUSD hits resistance The dollar continues to keep its edge over the euro as prices hit another low. The pair is testing the current psychological area of 1.1600 after a heavy rejection. A bounce away from the 1.1650 level was already a…
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One of the interesting currencies to follow amid the war with Iran has been the Canadian dollar. It had been on a weakening track in late February, but has since reversed course and is even gaining despite the stronger greenback. The main…
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