Orbex - Forex Trading Library

The Euro is facing support around 1.0880 and resistance at 1.1000 which could create a trading zone. Below 1.0880 more of a drop will be expected with support at 1.0780 giving a chance for a rebound. Above 1.1000 more advance could…
Read More

Somewhat counterintuitively, cable hit a one-month low on Friday after UK GDP improved, although in line with expectations. It appears that traders are assessing that the shifts in central bank outlooks, particularly BOE easing, are leaving…
Read More

XAUUSD tests resistance Gold Pushing higher as buyers continue to enter the buying market. The price has accumulated strength after rising above the critical threshold of 2640 and is about to test key resistance at 2660. Another push…
Read More

The Dow is holding below the resistance at 42650, having dropped below the first support level of 42360 yesterday. The market may be forming a descending triangle between support at 42300 and resistance at 42520 before a potential…
Read More

Gold has met the targets of 2624 and 2647 as previously advised. The market now faces resistance between 2647-49; if this level holds, a drop toward 2622-24 may occur, creating a potential trading zone. A move above 2649 could lead to…
Read More

Crude Oil has maintained its upward momentum, surpassing the 74.20-50 resistance yesterday. Current support is around 73.40-50; as long as the market stays above this level, bullish movement is likely to continue, with resistances at…
Read More

USD/JPY has reached the target zone of 149.40-50, experiencing a pullback as anticipated. This resistance level may trigger another drop, with support at 147.00-20 and 145.90. A breakout above 149.50 could lead to further advances…
Read More

GBP/USD moved quickly below 1.3060 yesterday but remains above the key support level of 1.3000. As long as the market holds above 1.3000, a rebound correction is expected toward 1.3150-75. However, a drop below 1.3000 could lead to…
Read More

The Euro is currently facing support around 1.0880, with resistance at 1.1000, potentially creating a trading range. A drop below 1.0880 may lead to further declines, while support at 1.0780 could allow for a rebound. Conversely, a…
Read More

While traders had a very positive initial reaction to China's major stimulus announcements in late September, it seems they are starting to reverse course. The rise in enthusiasm for Chinese investment has been mirrored by a drop in the…
Read More