Orbex - Forex Trading Library

Gold managed to hit the target  of 2620-30 as projected last week. As we see over the chart, the market is facing Intraday resistance around 2640-43. If prices hold below it, then another drop back toward 2585-88 is likely. Above 2643…
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Crude Oil held above the support of 66.15 and managed to hit a rebound movement toward 69.25. As we see on the chart and as long as the market holds above 66.15, a chance for more advancement toward 70.35 and 71.35 will be expected.…
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As we see from the Intraday chart, USDJPY is facing an uptrend channel with resistance around 156.20-40 and support around 153.40-60 which may create a trading zone inside it. Above 156.40 an advance could move toward 157.80. Below…
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GBPUSD is still holding above the uptrend support at 1.2540-60 which still gives the chance for another advance wave toward 1.2760 and 1.2850 and above. Below 1.2540 more of a drop toward 1.2445 and 1.2300 could hit the market. First…
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The Euro managed to test the resistance of 1.0600 and a few pips above it before prices hit dropped. As we see on the Intraday chart, the market is facing support around 1.0525-40. If prices hold here, then another advance toward…
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As global tensions simmer, gold buyers have reentered the market as the yellow metal jumped over $100 in recent sessions. If the precious metal can maintain the $2600 level, the short-term signals will now look towards $2700.…
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Markets could have a renewed focus on Friday's PMI figures, particularly from the US. Typically, the survey is a health check on the economy, and influences risk appetite. But, this is the first bit of data that includes some of the…
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USDJPY grinds lower The Japanese yen (JPY) recovered some lost territory after moving away from the recent peak at 157.00. On the chart, the round number of 154.00 is an intermediate hurdle for bears to clear as the RSI shot into the…
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It's going to be a busy week for pound traders, as the UK delivers its typical monthly avalanche of key data. On top of that, BOE Governor Andrew Bailey will be in Parliament, and his comments could provide additional volatility into…
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USOIL (Crude WTI) tests support Crude WTI hit a new low to test October’s price zone at 66.80. On the chart, the price was consolidating after another downward shift saw over $4 wiped off the value in recent sessions. While sentiment…
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