Orbex - Forex Trading Library

USDJPY 122.60 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/120.50. Market has rebounded after recording the…
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GBPUSD 1.5685 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 1.1290 Higher Volatility,, On short-Term the market is ranging between the levels of 1.08 and 1.14, The market breached 1.1100 level again, which activates the positive scenario to target testing 1.1250 level as a first main…
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Data released yesterday regarding the US economy shows that the cost of living rose at a slower pace than expected in the last 3 months. This points toward the question: will Fed be able to keep its promise and reach the 2.5% inflation…
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The US Dollar Index has turned weaker this week losing -1.1% at the time of writing. The Greenback opened the week at 96.56 and tested the highs to 97.10 before giving back its gains to trade lower marking a second straight week of losses.…
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Pound sterling weaker as UK retail sales falls below expectations Key Notes: Swiss trade balance 3.74bn vs. 2.59bn Germany PPI m/m 0.0% vs. -0.1%; PPI y/y -1.3% vs. -1.3% FOMC Member Williams speech UK Retail sales m/m 0.1%…
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Dow Jones (DJI_5U) 17150 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) 1138 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market broke a declining symmetrical triangle, 1225 and 1162 represent the expected trading range for…
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Oil (CL_5v) New Contract 40.75 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 124.00 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/120.50. Market has rebounded after recording the…
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