Orbex - Forex Trading Library

The start of 2025 has been pretty good for precious metals, with gold keeping its star status. Commodities in general, in fact, have been outperforming. Which kind of suggests where a good deal of the strength for gold is coming from:…
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US 30 (Dow Jones) jumps higher The US 30 (Dow Jones)  jumped higher over mixed CPI data as Core inflation dropped. On the chart, the RSI is flirting with 90, suggesting an extremely overbought condition as the index breaks fresh highs.…
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The Dow managed to meet targets 42100 and 43000-300. As we see over the chart, the resistance zone of 43000-300 could push for a correction toward 42600. Below 42600 more of a drop toward 42050 could hit the market. Above 43300…
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Gold managed to break above 2697 which could lead to an advance. The market is facing the first support around 2689, which could keep the uptrend wave going toward 2740. Below 2689 more of a drop could hit the market with support at…
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Crude Oil advanced yesterday to hit the second target zone of 79.20. As we see over the chart, the market is facing a chance for a drop correction toward the support of 76.40 which could push again for another advance. Below 76.40…
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USDJPY broke below the support of 155.95 yesterday, which could create downtrend pressure and head toward the support zone of 153.15. Intraday resistance level is at 156.00 and 157.10-20. If prices hold below one of those resistances,…
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GBPUSD found resistance around the 1.2300-20 zone, which managed so far to keep the downtrend pressure over the market. However, if prices hold below 1.2375, the downtrend wave will sustain with support at 1.2035-85 which could keep the…
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The Euro managed to maintain trades below the downtrend resistance zone of 1.0370 and retreated towards 1.0258 so far. As we see over the chart, prices still have a chance for another drop toward 1.0100 as long as the market holds below…
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On Friday, China will be the first major economy to report its China Q4 GDP data for the last quarter of 2024. There will likely be a lot of attention on the data, not just because it's the world's second-largest economy, but might…
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