Orbex - Forex Trading Library

WTI(USOIL) remains bullish WTI(USOIL) gears up for another bounce higher as tariff tensions triggered a steep drop in oil prices. Cheap crude is beginning to boost demand, which has seen a turnaround in fortunes for the black gold. A new…
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The UK economy is expected to report a rebound on Friday, but the cheer might be short lived. Analysts point to clouds gathering on the horizon, unsurprisingly related to the trade war. While the UK has managed to avoid the brunt US…
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UK100 (FTSE) hitting multi-month lows The UK100 (FTSE) was another index reeling from President Trump's trade war as prices hit another fresh low. The index is looking to avoid losing further ground, as a bounce at 7600 prompted…
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Dow Jones The Dow fell below 38460 yesterday and managed to sustain a drop toward targets 37680 and closed from second target of 36500. As we see over the chart, whilst the market is still trading inside the oversold zone, the…
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Gold managed to hold above 2952-56 and rebounded toward the 3055 resistance. As we see from the chart and if prices hold below the 3055 resistance, another drop wave towards 3020-22 and 2955-70 will be expected. Above 3055 more…
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Crude Oil hit the target of 57.20-50 today. As we see on the chart, the support zone is around 56.40-57.00, which could push for a rebound toward 61.50 and higher. Below 56.40 more of a drop will be expected toward 53.70 and 50.00-50.…
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USDJPY fell below the support of 146.50 yesterday and today re-tested 144.55. As we see on the chart, the main uptrend support zone remains around 143.60-90. If prices hold above it, a rebound correction toward 148.10 could hit the…
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GBPUSD managed to hold below the resistance 1.2935 and dropped toward the support of 1.2715. As we see from the chart and if prices remain below the 1.2935 resistance, more of a drop toward the 1.2560-1.2600 zone will be expected.…
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The Euro held below the daily resistance of 1.1210-75 and dropped further towards 1.0880 so far since last Friday. As we see on the chart, the target remains at the 1.0750-80 zone which could push for a rebound. Below 1.0730 more of a…
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