Orbex - Forex Trading Library

EUR/USD 1.0730 Market sustain drop movement as expected while still facing drop pressure so far Market now facing Resistance at 1.0780 and 1.0840, where as long as market holding trades below 1.0840 will expect farther drop toward…
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On Monday, China's economy Caixin PMI (Purchasing Manager’s Index) for the manufacturing sector came out at 48.5 versus an expected value of 48.9 and previous 48.6. Economic conditions for China’s producers continued to deteriorate during…
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The precious metals markets had another year of declines in 2015 but price action looks to have gotten off on a good start at least for Gold which is currently up 1.60% for the week while Silver prices are more subdued, gaining 0.42% on a…
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Equity markets stabilize as China intervenes. Gold hits a 1-month high, Euro breaks below 1.08 Japan monetary base y/y 29.5% vs. 33.2% Spain unemployment change m/m -55.8k vs. -50.0k Germany unemployment change -14k vs. -8k;…
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Dow Jones 16970 Market managed to head to test support zone 16850 after breaking below 17000 as advised yesterday market facing support zone at 16790-16850 where below this zone market may open new downtrend wave which may target…
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Gold 1078 Market managed to hit above 1077 yesterday which placed the support level at 1070 as long as market holding trades above 1070 the uptrend will sustain toward 1095 below 1070 expect farther drop toward 1050…
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Oil 36.60 As we see over the chart market seems heading to build falling wedge which may case a big rebound correction toward 56.00-58.00 zone over short-run. market may sustain trades inside 33.00 - 42.50 for the short run while…
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USD/JPY 119.00 As market managed to fell below support level of the uptrend channel market facing more drop pressure to sustain movement to test 117.00-25 zone as long as market holding trades below 120.65 the downtrend pressure…
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GBP/USD 1.4680 British Bound managed yesterday to retreat from first resistance 1.4815 where managed to hold the downtrend movement market so far build resistance at 1.4725 where as long as market holding below this level will…
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EUR/USD 1.0780 Market sustain drop movement as expected while managed today to hit again below 1.0790 zone so far market build resistance zone at 1.0830-40, where as long as market holding below this zone will expect farther drop…
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