Orbex - Forex Trading Library

This week is pretty compact for dollar traders. US markets will be practically closed for the last two days of the week, with all the major data coming out over the course of Tuesday and Wednesday. Markets are open for half a day on Friday,…
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USDJPY fails to progress The Yen (JPY) saw some slight reprieve after inflation cooled towards the 2% target. Recent profit-taking at 155.80 didn’t dent the optimism too much, with 154.00 proving to be a robust support. A combination of…
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The Dow remained above the support of 42900 and broke above the resistance of 43550. Prices are now closing to the target and resistance of 44100-200, which, if managed to hold, then a correction toward 43550-600 could hit the market.…
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Gold managed to break above 2643 and managed to sustain an advance toward 2680-90 and above. As we see over the chart, the market tested the 2710 resistance and if prices remain below this level, a drop toward the 2670-75 zone will be…
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Crude Oil held above the support of 66.15 and managed to hit a rebound movement toward 69.25 and 70.35. As we see on the chart and as long as the market holds above 66.15, a chance for more advancement toward 70.35 and 71.35 will be…
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As we see over the chart, USDJPY started to build a triangle formation with resistance at 155.25 and support around 153.25-70. Above 155.25 more advance toward 156.50-70 will be expected. Below 153.25 more of a drop toward 151.30-50…
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GBPUSD fell below the support of 1.2540-60 as the market is now signalling more drop toward 1.2445 and below. As we see over the chart and as long as the market keeps holding below the 1.2580-1.2610 resistance, more of a drop toward…
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Euro fell below support the of 1.0525-40 and met the target of 1.0475 and fell lower. As we see on the chart, the market is still showing signs for a further drop toward 1.0220. The market facing resistances around 1.0440, 1.0560 and…
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XAUUSD rallies on safe-haven buying Gold continued its ascent as geopolitical tensions heightened along with the appetite for safe-haven instruments. More anxiety over the Russia-Ukraine conflict saw a rally in metals, which was coupled…
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