Orbex - Forex Trading Library

EUR/ USD Correction phase ; Trend downside scenario 1.0975 On the short -term the market with downside scenario and ranging between 1.1200 and 1.0800 levels. The market it was ended last week’s trading with strong negativity and…
Read More

In a speech addressed to a business group in Rhode Island, Federal Reserve Chair, Janet Yellen, explained her increased expectation about the economic data, as well as the intention to start raising rates this year. The dollar had prevailed…
Read More

EURUSD (1.0994): The rising wedge/triangle pattern broke out with price failing to properly test the resistance at 1.148, which could be a potential target to the upside should prices rally. The breakout from the triangle was based on a…
Read More

The US Dollar came out tops last week staging one of the strongest comebacks after declining since late March. Boosted by stronger than expected housing data, the FOMC meeting minutes which was a non-event and a hawkish than expected speech…
Read More

AUDUSD (0.7828): The Australian dollar continued its decline after posting fresh highs last week. The currency was under pressure both from domestic data as well as the US Dollar which saw a strong rebound this week. AUDUSD was trading…
Read More

Dow Jones: 18192 Continuation the uptrend On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can see the market trading…
Read More

GOLD 1212 Wide Range Market - breakout on the edge On the short term view ; the market is ranging widely between major levels of 1170s and 1228s ; the breakout of one of these levels would push further the market on the direction of…
Read More

Oil (5N) 60.09 - A new Contract 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 above key resistance 56.50, and the…
Read More

USD/JPY: 120.92 Japanese Yen consolidate further - breakout soon to catch up the market movement As market has recorded a higher price over 120 yen per us dollar ,succeeded to confirm breaching, and as we mentioned in our last…
Read More

GBP/USD: 1.5625 Higher volatility & Uncertainty about the new political scheme at the political structure On the short-term , market bounced clearly to the downside and approached from the bullish channel’s support and bounced…
Read More