Orbex - Forex Trading Library

USDJPY dropped as prices still hold above the support zone of 151.40-50. If the market holds above this support zone, the advance wave could sustain toward 153.60 and 155.20. Below 151.40 more of a drop toward 149.00 will be expected.…
Read More

GBPUSD headed for a drop as prices still face a trend support around 1.2800-20. This support zone could keep the chance for a rebound correction toward 1.3020-40 and 1.3150-75. Below 1.2800 the risk for a further drop toward 1.2680…
Read More

The Euro tested the support trend of 1.0760-80 and pushed for a correction. As we see on the chart, if prices remain above the support of 1.0760-80, a rebound toward 1.0940 and 1.1000 will be expected. Below 1.0720 prices…
Read More

EURUSD looking to bounce back All eyes are on this week’s US Election, with most economists saying the race is too close to call. A Harris victory is likely to cause a short-term rally on the pair, reflecting some market. However, in the…
Read More

It's normal for elections to have a short-term impact on currencies. But the difference in policy that might be pursued by the two major candidates in the US elections could exaggerate that impact. With both well in the margin of polling,…
Read More

GER 40 grinds demand area The Ger 40 (Dax) struggles as the sell-off from last week rumbles on. The index is still trying to hold onto 19000, as a drop below this critical chart level could shift sentiment to the pessimistic side and…
Read More

The Dow dropped as the market managed to test the support of 42000 and fell lower. As long as prices keep above 41800, a rebound movement toward the 42600-700 resistance zone will be expected. Below 41800 more of a drop toward 41440…
Read More

Gold is still trying to hit a correction while market facing first Intraday support around 2770. As we see on the chart, below 2770 prices could head for a drop toward 2760 or 2745 where one of those supports could activate an advance…
Read More

Crude Oil managed to pass above the 68.00 resistance which could push for another advance toward 69.65-85. As we see over the chart, the market faces support around 67.70 where if prices remain above it, the advance movement could…
Read More