Orbex - Forex Trading Library

DJI_5U 16265 A rising channel has been broken! Apple announcement did not make investor more optimistic about the US stock market; the price still within the expected range. Next week will be the major week for all markets to see…
Read More

XAUUSD 1106 Still confirming our breakout Market is going to lower levels as it is trading below 1125s, at the levels of 1180s/1190s the market would face a major support levels, which will be the real test of the market sentiment.…
Read More

CL_5V 45.16 No major change since yesterday Still we see the market playing in our noticeable symmetrical triangle, with no major change, where you think the breakout out direction would be? For me still I think the selling…
Read More

USDJPY 120.70 A symmetrical triangle on the 4H chart Is market has reversed its recent downward breakout or it is just retrace the move? More probably it is a matter of retracement and consolidation, to be in the safe side of that…
Read More

GBPUSD 1.5407 A test for the breached level! As shown on the chart the sterling (which its current Queen became the longest ruler for the United Kingdom!) The market has increased on its demand on that currency which pushed the rate…
Read More

EURUSD 1.1268 Within the bigger channel The market today hit a high of 1.1309 which will be considered as the pivotal level between the coming day’s directions (the direction up To touch the higher band of the channel @ 1.17 or the…
Read More

At the middle of this week Canada announced its decision over maintaining the overnight rate at the 0.5% level, as was to be expected. The economic policy rate remained 0.75% and the deposit rate 0.25%. As for the inflation, BoC declared…
Read More

The technical analysis for the US Dollar Index is pointing to a potential decline both in the medium and near term. For the most part, the US Dollar Index has failed to rally above the previous highs above 96.25. On the weekly charts, a…
Read More

Kiwi plunges as RBNZ cuts rates leaving room for further cuts Key Notes: RBNZ Official cash rate cut to 2.75% from 3.0% UK RICS house price balance 53% vs. 46% Japan PPI y/y -3.6% vs. -3.2% Australia MI inflation…
Read More

DJI_5U 16245 A rising channel has been broken! As shown on the weekly chart the market has broken the rising channel t 17350 and reached its down target at 15500s levels. Short & Mid – Term View FED rate hike consider a…
Read More