Orbex - Forex Trading Library

The pound fell below 1.3380 and added more of a drop towards the target 1.3285. As we see over the chart, the market is now facing a resistance zone at 1.3380-99, where as long as prices hold below it, the drop pressure could…
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The pair managed to meet the target of 1.1580. As we see from the chart, market trend support is at 1.1530-60 which could push for a rebound towards 1.1725. Below 1.1530 more of a drop toward 1.1400 could hit the market.…
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USDCAD fails at recovery The Canadian dollar continues to recoup losses after spiking towards 1.3700 in recent sessions. On the chart, the pair is recovering to the downside as prices move to test the previous bottom at 1.3620. A break…
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The US-Israel attack on Iran has thrown the whole Forex market into disarray, upending themes that drove the market over the last month. Some of the biggest movers in February have completely reversed course, while others have intensified…
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Despite the rebound above the 48900 resistance, towards 49065, our view still the same over the market. As we see over the chart, the market shows weaknesses over indicators as resistance is at 48800-900. As long as the market…
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Gold met the targets at 5249 and 5130 and moved lower. As we see over the chart, the market is facing resistance around 5225, and if prices remain below it, the drop pressure could return towards 5065 as more of a drop is…
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Oil opened with a gap after U.S. and Israel’s treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz. Such disruptions could cause more spikes on Oil prices which could lead for a further…
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USDJPY hit the second target at 157.60. As we see over the chart, the market facing a grey zone at 158.00-159.45 which is considered as a resistance zone, which could maintain the risk for another drop wave towards 155.30-50 and…
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The pound fell below 1.3380 and added more of a drop towards the target 1.3285. As we see over the chart, the market is now facing a resistance zone at 1.3380-99, where as long as prices hold below it, the drop pressure could…
Read More