Orbex - Forex Trading Library

The commodity risk currencies, the Aussie, Kiwi and the Canadian dollar saw sharp gains this week, rising on average of 4.0% in what seems to be a risk on sentiment. The weak US Dollar led by dovish FOMC minutes saw the markets sell the…
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AUDUSD (0.73): The Aussie is up 3.74% at the time of writing, as the currency hit a high of 0.732 before easing back lower. Besides the risk on sentiment in the markets which has led to a strong rally in AUDUSD, the RBA left interest rates…
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DOW .. (DJ_5z) 16995 Dow Jones still trading in high volatility range, the market in a reversal to upward mode .We do expect now the levels of 17350 . However, the new mid-term uptrend would be expected and the market’s target…
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XAUUSD 1155 Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying pressure…
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Oil (CL_5X) 50.80 Failure descending triangle. However, the market confirmed for breakout of that pattern and break 49 level. Now oil price continues its bullish rally, and near critical resistance level at 49.30, breaching it will…
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USDJPY 120.28 No change on Japanese Yen !! Nothing to be said in the range market, technically, we are awaiting a successful breakout for the shown symmetrical triangle. So, 121 & 119.20 we will consider it the upper band and…
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GBPUSD 1.5350 GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5405 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias…
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EUR USD 1.1350 EUR USD success to break the descending triangle, and now we still seeing the buying pressure is stronger. As long as market higher than the levels of 1.1230s then an upward move to 1.1380s, & 1.1450 is the higher…
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On Wednesday, BOJ's (Bank of Japan) scheduled meeting brought no surprises, the monetary policy settings being left unchanged. The move was expected by most of investors, although there was still a push for the YEN over the USD, knocking…
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The US Dollar Index has declined nearly -0.69% for the week led by losses from last week's NFP data. The weak jobs report saw the Greenback coming under selling pressure, which was further exacerbated by yesterday's FOMC meeting minutes…
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