Orbex - Forex Trading Library

The US Dollar Index opened today with a small up gap and current price action looks likely for a test to the major resistance at 91.23. Price action at this level will be critical as we notice that in the daily charts, there is a continuing…
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USDJPY might have enjoyed a bull run last year in lieu of its major trend but the longer term monthly charts shows possible headwinds that could potentially cap further rallies near 123.1 – 123.3 levels. Regardless of which way one views…
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USDCHF closed the month of December at 0.9941 or about 3% higher for the month. Price action however sits bang on target at the noted past resistance level and close to a major falling trend line, which brings to question whether we will…
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Gold futures closed the month of December at 1182.64, about 1.26% higher for the month. The monthly candlestick pattern does not show any significant shift to the overall bearish sentiment in the market, but the fact that we have a bullish…
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GBPUSD closed the month of December at 1.5584 and in the process has formed what looks like an indecision candlestick pattern. The monthly charts shows the appearance of this candlestick pattern near a major trend line making it an…
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EURUSD shows a continuation of the bearish trend EURUSD closed the month of December on a bearish note at 1.2099, (1.21 rounded off), losing close to 3% for the month. The monthly candlestick formed a bearish Marubozu type of candlestick…
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Dow Jones: 17950 Equity demand Dow managed to hit zone of 18000-100 last week which provided good zone to re-short-sell market as long as market holding trades below 18100 will expect some drop pressure to start affecting market…
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GOLD 1198 Gold between deflation & Dollar hike market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year while economic data from Europe and Japan showing slow down…
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Oil (G5) 52.95 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 119.40 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 , while market still holding trades above support 119.00-10 zone as long as market holding…
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