Orbex - Forex Trading Library

The Euro tested the support trend of 1.0760-80 and pushed for a correction toward 1.0840 so far. 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…
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Markets are resoundingly convinced that the BOJ Rate Decision won't result in a hike at the upcoming meeting that ends on Thursday. But, it also seems the BOJ is having trouble breaking its habit of shocking the market. And economists have…
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NAS 100 Keeps Building The Nas 100 (Nasdaaq) continued to drive higher on progressive earnings as the season got underway. After hitting support at 19900, the latest rebound came to a rest at 20400, forming a double top. This suggests…
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This week has a lot of risk events for the Euro. Two key data points will be released, the Euro CPI figures and Q3 growth estimate. But the national components will come out ahead of the data for the whole of the EuroZone, giving the market…
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NZDUSD tests support The NZD (Kiwi) is another currency that is feeling the wrath of the greenback. A series of lower lows indicates stiff selling pressure overhead. Successive breaks below 0.6160 then 0.6000 shows a lack of…
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As we see over the chart, the Dow dropped as the market still holds above the uptrend line support of 42000. As long as the market holds above 42000, a rebound toward the 42600-700 resistance zone will be expected. Below 41800 more of…
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Gold is testing the support zone of 2728 right now with a correction toward 2744-48 possible. Below 2728, prices could head for a drop toward the 2712-15 zone. Below 2708 more of a drop will be expected with support at 2680-85.…
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USDJPY managed to sustain an advance to hit the target of 150.90 and 152.00. As we see over the chart, the advance wave is still ongoing and if prices remain above the support of 151.40-50, the advance wave could expand toward 155.20…
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