Orbex - Forex Trading Library

Dow Jones(US 30) tests critical resistance Dow Jones(US 30) is looking for the next move after the recent sell-off in the stock market cooled. On the chart, the index is struggling to hold on to its gains from the few sessions as a…
Read More

The consensus among economists is that the Fed will seek to not rock the boat at this FOMC meeting. That means the results on Wednesday will likely be to keep things as is, with even little change in the rhetoric. However, at the same time…
Read More

The S&P(SPXX 500) loving higher The S&P(SPXX 500) attempted to stop the rot as prices bounced higher after this month's bearish rally. With a gap moving above 5500, traders will once again question if a reversal is going to…
Read More

The Dow managed to break below 41100 last week which could now lead to another drop towards 40200. As we see over the Intraday chart, market is facing resistance around 41650-750 where as long as prices keep hold below it a further drop…
Read More

Gold broke above 2950-55 last week advanced toward the target 2980 and above. As we see over the Intraday chart, the market is facing resistance around 3005, where as long as prices hold below it, a chance for a drop correction toward…
Read More

Crude Oil remained above the support of 64.75 and managed to rebound toward the first target of 66.65 so far. As we see from the chart and as long as the market keeps holding above 64.75, a chance for a further rebound toward 68.25 is…
Read More

USDJPY managed to print a high around 149.18 yesterday before the market dropped again. If prices hold below 149.30-50, the downtrend pressure will continue with support around 145.90. Below 145.90 more of a drop toward 143.40 is likely.…
Read More

GBPUSD managed to also sustain an advance toward targets 1.2725 and 1.2810. The Pound is still holding an advance wave while Intraday levels show supports around 1.2860 and 1.2680-1.2715, which could keep the wave ongoing toward 1.3050 and…
Read More