Orbex - Forex Trading Library

Dow Jones: 18015 Continuation the uptrend ; with lower liquidity On the longer-term as long as market trading higher than 17,000 $ dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can…
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GOLD 1179.70 Downside breakout On the short term ; the market has penetrated the levels of 1177 which was considered a major support area ( now resistance ) ; so , we do expect more downward pressure as the market holding below 1197…
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Oil (5N) 60.83 Short-term Correction ; buying pressure still exist On the short-term view ; the market has succeeded to continue pushing up the prices upwards gradually and still trading between 58 support and 63.00 resistance, and…
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USD/JPY: 123.65 Yen Breakout ! can not ignore the buying pressure ... Market has penetrated the resistance level of 121.50 and the consolidation pattern as well , and succeeded to confirm breaching the previously recorded top, which…
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GBP/USD: 1.5470 Higher volatility; more downside pressure On the short-term, the breaching for 1.5300 level will push the price to retest 1.5500 levels and it might extend to 1.5600 before any new negative attempt. the price needs…
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EUR/ USD Selling pressure are generated 1.1275 On the short -term the market is ranging between 1.1000 and 1.1500 levels. The market Still trading above 1.1050 level after pushing the price to turn to rise again. Therefore, and…
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Following up from last week's technical analysis of the US Dollar index, on the daily charts, we notice a confirmation of the bearish move after the resistance near 96.9 managed to hold prices and also marked by the doji candlestick patter…
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RBNZ Cuts OCR rate by 25bps to 3.25% The Reserve Bank of New Zealand, in its monthly monetary policy preview cut the benchmark interest rates by 25bps from 3.5% to 3.25%. The cut in interest rates was based on low inflationary pressures…
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Yen reacts to BoJ’s Kuroda comments; sharp gains across the board. Key Notes: Japan core machinery orders m/m 3.8% vs. -2% Japan PPI y/y -2.1% vs. -2.2% Australia Westpac consumer sentiment -6.9% vs. 6.4% previously France…
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The Yen reacted sharply to the Bank of Japan Governor, Kuroda's comments made earlier today to the Japanese Parliament, gaining close to 1% against the Greenback. The Yen rallied after the Governor said that the real effective exchange rate…
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