Orbex - Forex Trading Library

The Euro managed to sustain  a drop towards the target 1.0520 and lower. As we see over the chart, the  market is facing support around 1.0475 where as long as prices keep holding above, a rebound correction will be expected toward 1.0800.…
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UKOIL subdued as growth forecasts are back in focus UK Oil prices are holding firm following the recent decline, which saw over $10 wiped off the value from last month. A stronger US Dollar and hopes of a Middle East peace deal weighed…
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On Thursday, the EURUSD came down to test the 1.05 handle, the lowest it has been since October of last year. This came amid renewed speculation that the ECB could be headed for strong rate cuts at the next meeting. Some analysts have gone…
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The NZDUSD struggles to stabilise The NZDUSD ticked lower as price action fell away from the 0.6000 level. A fall below 0.5920 has renewed the bearish pressure and put those who bought the latest bounce on the defensive. With prices…
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The USDJPY broke above the 156 handle, scoring another milestone in its two-month rise. More than the level, what was notable was the practical silence from Japanese authorities. There is a lot going to keep them busy, but the continued…
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GER 40 (DAX40 index)  breaks lower The DAX40 index fell further after continuing the bearish rally from last month. A fall below the base of a previous bounce at 19100 suggests that sellers are still in control of the direction, forcing…
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The Dow fell below the 44150 support yesterday and below this level more of a drop could hit the market. As we see over the chart and as long as the market keeps holding below 44150-200, more of a drop to test the 43650-700 or 43300-400…
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Gold held prices above 2590 while managing to build a triangle formation as we see on the chart. If prices remain above 2590, a rebound toward the resistance of 2626-28 will be expected which in turn could push for another drop. Above…
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Crude Oil managed to meet the target of 69.20-50 and managed to fall below that support. Prices are closing into the second target of 66.80. As we see over the chart, prices are facing support around 66.80-67.00 which could push for a…
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