Orbex - Forex Trading Library

Dow Jones (DJI_5U) 16185 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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Gold (XAUUSD) 1139 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market succeeded to reach the bearish channel’s resistance after breaching 1145 levels ( Penetrated it…
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Oil (CL_5v) New Contract 44.35 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (41.35 levels) because of a material increase at supply side with a…
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USDJPY 120.00 Bullish Scenario still valid for the pair The market bounced upwards strongly after the sharp decline that happened, and need to stay above 118 , But the price needs to breach 120.50 level then 121.80 to open the way to…
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GBPUSD 1.5270 Recovering from the bottom with accelerated counter-trend move The pair on a major wide consolidation area, ranging between 1.52s and 1.60s level, as more of the major pair the ranging market which is expected to…
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EURUSD 1.1265 Higher Volatility,, On short-Term the market is ranging between the levels of 1.10 and 1.17, The market breached 1.1700 level, which activates the positive scenario to target testing 1.15 level as a first main target.…
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On Monday, Eurostat released its preliminary estimate over the cost of living as per the CPI (Consumer Price Index) level. The index’s value remained unchanged at an annualized rate of 0.2% in August though expectations were of a 0.10%…
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Gold futures have been trending flat for the week despite uncertainty surrounding the global financial markets. Gold futures are up 0.59% for the week and on the daily charts, we notice that the precious metal is trading near a major…
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The Australian Dollar has been under pressure since the past couple of weeks especially due to the concerns of a large scale slowdown from China. While the initial Yuan devaluation caused the Aussie to plummet, the currency managed to…
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Canada GDP rises 0.5% for the month, but declines -0.5% for the quarter Key Notes: New Zealand overseas trade index q/q 1.3% vs. -1.9% Australia AIG Manufacturing index 51.7 vs. 50.4 Japan capital spending q/y 5.6% vs. 90%…
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