Orbex - Forex Trading Library

The Euro managed to test the resistance of 1.0600 and a few pips above it before prices hit dropped. As we see on the Intraday chart, the market is facing support around 1.0525-40. If prices hold here, then another advance toward…
Read More

As global tensions simmer, gold buyers have reentered the market as the yellow metal jumped over $100 in recent sessions. If the precious metal can maintain the $2600 level, the short-term signals will now look towards $2700.…
Read More

Markets could have a renewed focus on Friday's PMI figures, particularly from the US. Typically, the survey is a health check on the economy, and influences risk appetite. But, this is the first bit of data that includes some of the…
Read More

USDJPY grinds lower The Japanese yen (JPY) recovered some lost territory after moving away from the recent peak at 157.00. On the chart, the round number of 154.00 is an intermediate hurdle for bears to clear as the RSI shot into the…
Read More

It's going to be a busy week for pound traders, as the UK delivers its typical monthly avalanche of key data. On top of that, BOE Governor Andrew Bailey will be in Parliament, and his comments could provide additional volatility into…
Read More

USOIL (Crude WTI) tests support Crude WTI hit a new low to test October’s price zone at 66.80. On the chart, the price was consolidating after another downward shift saw over $4 wiped off the value in recent sessions. While sentiment…
Read More

The Dow managed to remain below the resistance of 43700-800 and managed to meet the target of 43300-400. As we see over the chart and as long as the market keeps holding above 43300, a chance for some rebound correction toward 43700-800…
Read More

Gold managed to fall below the support of 2590 and managed to sustain a drop toward 2545-50 and below. As we see over the chart, the market is facing a daily support around 2554 while Intraday support is around 2536. If prices remain…
Read More

Crude Oil managed to move back again to test the support of 66.80 and hit a few pips below it, as indicators still show a chance for a rebound correction. As we see over the chart and as long as the market holds above 66.15, a chance for…
Read More

USDJPY managed to test Intraday support around 153.80. As we see over the chart, this trend could keep the advancing towards the 157.80 target. Below 153.80 more of a drop will be expected toward 152.60-80 zone and maybe lower.…
Read More