Orbex - Forex Trading Library

Oil opened today with drop gap price after Israel’s aggression strikes against Iran avoided oil facilities. As we see over the chart, the market faces a resistance zone around 69.65-85. If prices remain below it, the downtrend pressure…
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GBPUSD managed to sustain trades below the resistance 1.3075 and dropped toward 1.2907. As long as the market holds below 1.3075, the downtrend pressure could continue toward 1.2820-50. Above 1.3075, the market could have the chance…
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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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Traditionally, PMI reports at the start of the month tend to move the market around risk appetite. But there is likely to be a renewed focus on China's double readings later this week. That's because it's the first leading indicator to…
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FTSE100 Index (UK 100) falls from peak The FTSE100 Index failed to revive its spirits after falling from the recent 8400 level. The index is seeking support around 8250, which is critical to keeping the early month’s rally intact. The…
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NAS 100 awaits earnings Gold wasn’t the only asset that fell due to rising yields, as the Nasdaq also saw a slowdown in rising price action. The weakness on Wall Street came with increased treasury yields, moving sharply higher over the…
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Earlier this week, gold prices hit two new record highs in a situation when normally the price should be going down. But, these aren't normal times, and demand for safe havens seems to be outpacing the regular market dynamics. With a lot of…
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XAUUSD gearing up for another high Gold pushes to remain bullish after pulling back from its all-time high. Some stiff selling at 2760 with an upper wick indicated a rejection of higher bids. The recent swift U-turn means that the bears…
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The Dow fell below 42650 yesterday drop further toward the support 42300, before rebounding. As we see over the chart, price could head for a trading zone between support 42300 and resistance 42700. Above 42700 more advance could hit…
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