Orbex - Forex Trading Library

As we see over the chart, USDJPY started to build a triangle formation with resistance at 155.25 and support around 153.25-70. Above 155.25 more advance toward 156.50-70 will be expected. Below 153.25 more of a drop toward 151.30-50…
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GBPUSD fell below the support of 1.2540-60 as the market is now signalling more drop toward 1.2445 and below. As we see over the chart and as long as the market keeps holding below the 1.2580-1.2610 resistance, more of a drop toward…
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Euro fell below support the of 1.0525-40 and met the target of 1.0475 and fell lower. As we see on the chart, the market is still showing signs for a further drop toward 1.0220. The market facing resistances around 1.0440, 1.0560 and…
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XAUUSD rallies on safe-haven buying Gold continued its ascent as geopolitical tensions heightened along with the appetite for safe-haven instruments. More anxiety over the Russia-Ukraine conflict saw a rally in metals, which was coupled…
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Last week was a pretty tough one for gold bulls. The price of gold fell over 40% over the course of just six days, the worst performance since the middle of the pandemic back in 2021. But this week, prices have rebounded, taking back some…
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USOIL(US crude oil) tests demand zone WTI crude (US crude oil) hit another high after global tensions continued to escalate. The psychological level of 70.00 seems to be where tough resistance lies, suggesting that there could be more…
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Over the last week, the rise in the USDJPY has stalled out, which could be crucial ahead of key data on Friday.The Bank of Japan has said it will be data dependent, and inflation is the most important information for a central bank. So, the…
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XAGUSD holding onto gains Silver bounced back as the metal market saw a revival, as prices bounced off the recent bottom at 30.00. The latest move came to a halt at the daily resistance of 31.50, as the metal now looks to consolidate…
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The Dow met targets 43300 and 42900 as projected last week. As we see over the chart, prices managed to hold above the uptrend line which could push for more advance. As long as the market holds support at 42900, another rebound wave…
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