Orbex - Forex Trading Library

USDJPY managed to maintain the advance wave while market still shows potential advance. As we see on the chart, prices face a support trend around 152.45, if prices remain above it, the advance wave could progress toward the 155.85 zone.…
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GBPUSD is still holding above the support zone of 1.2570-80, while the indicators are still showing an advance ongoing toward 1.2810 and above. Intraday levels show the first support around 1.2665, where as long as the market holds above…
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The Euro closed into the target of 1.0425, which could provide a chance for a rebound toward the 1.0540-60 zone. Below 1.0425 more of a drop could hit the market with support around 1.0330. Above 1.0610 more advance toward 1.0820…
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Markets seem to be unsure about what to expect from Thursday's BOJ meeting, with about a 50-50 chance of a rate hike being priced in. This means that there could be a substantial move in yen pairs no matter what happens. Japan is in a…
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Nasdaq (NAS 100) another peak The Nasdaq (NAS 100) advances as investors continue to price in the Fed’s next move. The price continues on its way above this year’s high of 22000, further reinforcing the bullish mood. 22250 is the next…
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Both economists and the markets agree that the Fed will cut rates by 25 bps on Wednesday. Assuming no surprises there, the focus will be on what the FOMC signals for next year. There are some additional uncertainties about the forward rate…
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FTSE UK100 attempts to bounce The FTSE UK100 seems stuck in consolidation after failing to break through the 8375 resistance. The narrowing consolidation has offered a playground for range trading. The recent bottom, around 8250, is…
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The Dow managed to fall below the support of 44100-200 which could add further pressure to head toward the target of 43300-400. As we see over the chart, the market is facing the first resistance around 44235, where as long as the market…
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Gold seems to have found some support around 2645 which could lead to another advance wave toward 2730-35. Below 2645 more of a drop toward 2620-22 could hit the market which in turn could activate another rebound movement. Below 2620…
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