Orbex - Forex Trading Library

USDJPY 120.25 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 1.5480 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 follow…
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EURUSD 1.1280 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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The second estimate for the US quarterly GDP data is due today and marks an important data release on a rather quiet trading day. The median forecasts expect to see the US second quarter GDP to rise to 3.2% from the initial estimates of…
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Crude Oil prices remain under pressure with the lower end of 35.1 being a possible price level Crude Oil futures fell -1.39% yesterday to close at 38.9 a barrel despite the US EIA weekly crude oil inventories showing the US commercial…
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Greenback strengthens on better Durable goods orders Key Notes: New Zealand trade balance -649 Million vs. -665 Million Japan SPPI y/y 0.6% vs. 0.4% Australia construction work done q/q 1.6% vs. -1.5% Switzerland UBS…
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Dow Jones (DJI_5U) 16010 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) 1132 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 39.45 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 119.50 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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