Orbex - Forex Trading Library

Markets have been so overwhelmed by the tariffs issue that they have been ignoring key data recently. But if the fears around the trade war push the market beyond the fundamentals, at some point the market will have to recenter. This is why…
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GBPUSD falls from the peak The pound fell further against the Dollar(greenback) as the tariff war rumbled on. On the chart, the pair has dropped over 300 pips since hitting its peak of just under the 1.3200 level. The bearish recovery…
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The Dow met the targets of 38800 and 37500 as we projected last week. As we see over the Intraday chart, prices face the first resistance around 37760 with supports around 36680 and 36500, which could create a trading zone before…
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Gold fell below the support 3055 last Friday and met the target of 2980. As we see over the chart, the market is now facing resistance around 3055 and support around 2980-90. Above 3055 more advance will be expected with resistances…
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Crude Oil started free falling after the US trade war began. As we see on the daily chart, prices still face pressure even though the market is trading inside an oversold zone now. If prices remain below the 65.05-50 resistance zone,…
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USDJPY rebounded from 144.55 before testing the support at 143.60-90. As we see over the Intraday chart, the market still has a chance for another test to the support at 143.60-90, as long as prices keep holding below 147.45, which in…
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GBPUSD also dropped and hit below the support of 1.2860. As we see from the chart and if prices remain below the 1.0935 resistance, more of a drop toward the 1.2560-1.2600 zone will be expected. Above 1.2935 more advance could hit the…
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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 1.0750-8 zone which could push for a rebound. Below 1.0730 more of a…
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Wednesday is the release of Japanese consumer confidence, but traditional data might be completely ignored amidst the tariff-driven market turmoil. But the USDJPY has essentially cratered lately. Usually, Japanese officials would come out…
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