Orbex - Forex Trading Library

WTI (USOIL) breaks previous swing high WTI (USOIL) bounces higher as the turnaround in sentiment continues. On the chart, the price has recently peaked above the recent resistance at 68.00. A move above 68.60 will send sellers packing…
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S&P 500(SPX) springs back into life The S&P 500(SPX) took a breather from setting another fresh low as traders digested the Fed’s comments regarding two possible rate cuts this year. US indices in general, have had a rough ride…
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purchasing managers' index (PMI) are closely tracked by traders, because they can move the market. But given the current circumstances, after what several central banks said last week, Monday's data release could get extra scrutiny. Markets…
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The Dow managed to hit more advance toward the target of 42100-300. As we see over the chart the market is still trying to hold this trading zone where Intraday support starts from 41690 with resistance at 42100-300. Above 42300 more…
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Gold still holds above the support of 3020-25 which could keep the advance wave ongoing toward 3080. Below 3020 a chance for a drop toward 2980 is likely. SUPPORT RESISTANCE LEVEL1 3025 3045 LEVEL2 2980 3080-85…
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Crude Oil hit the target of 68.25. The market is still holding our expected trading zone between support 64.75 and resistance 68.25. As we see on the chart, this trading zone still holds and above 68.50 more advance toward 70.20-40…
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USDJPY still holds below the resistance of 150.80-151.30 which still holds the downtrend pressure over the market. Above 151.30 more advance is likely. SUPPORT RESISTANCE LEVEL1 149.05 150.15 LEVEL2 148.25 150.80…
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GBPUSD fell below the 1.2940 support which could lead to a further drop. As we see on the chart, prices are facing resistance around 1.2980 and if the market holds below it, more of a drop toward 1.2860 could hit the market. Above…
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The Euro managed to meet the target of 1.0930-50 several times as we still hold our previous outlook. As we see over the Intraday chart and if prices remain below the 1.0950 resistance, a correction could hit the market towards…
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UK 100(FTSE) struggles for direction The UK 100(FTSE) edges higher as traders look at a complete reversal from this month's sell-off. The index looks to continue the recent trend as prices search for 8800. A correction could be taking…
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