Orbex - Forex Trading Library

The FTSE(UK100) bearish reversal underway The FTSE(UK100) treads water ahead of major central bank decisions. The RSI’s double bottom in the oversold zone is a sign of overextension and could create a bullish divergence, which could move…
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The Dow managed to fall below the support of 44220 and more of a drop could hit the market with support around 43700, which could push for a rebound movement. As we see over the chart the market is facing a chance for a trading zone…
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Gold managed to hit a correction yesterday and managed to test the intraday support zone of 2910-20. As we see over the chart a chance for trading zone between support 2910-20 and resistance 2945-50 could control the market. Above 2950…
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Crude Oil remains under pressure towards 68.35. The market managed yesterday to re-test the resistance zone of 73.25-50 which is still intact on the chart. As long as the market holds below 74.60, the downtrend pressure could continue…
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USDJPY met the target of 149.35 yesterday while market managed to hit a rebound. As we see over the chart, the market has a support zone at 148.60-149.35 which could push for a trading zone toward 150.90 and 152.30-50. Below 148.60 more…
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GBPUSD met the first target of 1.2600 and above. As we see over the chart, prices still have a chance for farther advance as long as the market holds above the support of 1.2520, where a second target is at 1.2725. Below 1.2520, more of a…
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The Euro passed above the downtrend resistance line which indicates strength in the market. As we see over the chart, the market is facing Intraday support around 1.0370. If prices remain above this level, more advance will be expected…
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The last week has had quite a bit of drama on the geopolitical arena. On top of that, there has been some growing concern about the macro trends. For one, there were reports that analysts were starting to fret that European equities have…
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US 30(dow jones) feels the squeeze The US 30(dow jones) failed to gain any momentum as prices were stuck in consolidation. The price recently stalled around 44500, right under the previous swing high. A combination of profit-taking and…
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