Orbex - Forex Trading Library

Gold managed to break above the 2720 resistance and managed to add more advance toward 2736 today. AS we see on the chart, Intraday levels showing resistance around 2736-40 which could push for a drop toward the 2701-04 zone which in…
Read More

Crude Oil dropped last Friday to print a 68.15 low closing from our support trend line. The market faces resistance around 71.20-60 and if prices keep hold below it, the chance for another drop toward 67.25-60 zone is likely, which in…
Read More

USDJPY so far hit a 150.30 high as the uptrend wave remains ongoing. As we see on the chart, prices face the first support around 148.25 and the second support around 147.30. One of those supports could keep the advance wave ongoing…
Read More

GBPUSD hit a correction toward 1.3070 as the market still holds below the downtrend line which keeps the pressure on. As long as the market holds below 1.3075, the bearish pressure could sustain toward the 1.2820-50 zone. Above…
Read More

The Euro met the target of 1.0880 and broke below it, while the market rebounded toward 1.0870 today. As we see on the Intraday chart, if prices hold below 1.0900, the downtrend pressure could sustain and support at 1.0780 could push for…
Read More

In the aftermath of last week's rate decision, ECB President Christine Lagarde will make a series of closely-watched speeches in the coming days. She will have a difficult task of both communicating the central bank's moves while at the…
Read More

GBPUSD pair drifts south Cable remains downbeat as the strength of the dollar is prominent across the board. The RSI’s venture into the neutral area could cause a snap higher if sellers start to take chips off the table. However, bears…
Read More

The Dow managed to hold above 42650 and managed to advance again. Our previous outlook still shows that if prices hold above the support of 42900-43000 then the advance could sustain toward 43400 and 43800. Below 42900 more of a drop…
Read More

Gold managed to hold trades above the support of 2666 and hit the target of 2700. Gold is closing in on the second target and resistance 2720, while Intraday levels show a chance for a drop  toward 2701 and 2784 before the market resumes.…
Read More