Orbex - Forex Trading Library

The Euro managed to break below the 1.1000 support level on US labor market data last Friday. The market is now targeting the 1.0880 support, as we previously advised, while intraday resistances are located at 1.0985 and 1.1035. As long…
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Last week, crude prices rose in anticipation of the weekend. Volatility rose quickly, hitting the highest level since the October 7 attack last year. But since trading started with the new week, the situation has been a bit anticlimactic,…
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The Dow tested the 41825 support level and rebounded, as previously mentioned. On the intraday chart, resistance is seen around the 42200 zone, which may create a trading range towards the 41825 support level. A break above 42200 could…
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Crude Oil broke above the 72.50 resistance level yesterday and reached the 74.00 target. As seen on the chart, Oil continues its upward momentum, with support at 72.00 likely to sustain the advance toward the 77.20-40 or 78.80 resistance…
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Gold tested the 2637-40 support zone yesterday and advanced, printing prices above the 2657-62 resistance range. As previously advised, the upward movement continues toward the 2680-85 level, which may lead to a corrective dip. Above…
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GBP/USD managed to rebound above the 1.3135 resistance level, which may provide a chance for further gains towards the 1.3235-45 zone. As seen on the chart, the market may establish a trading range between the 1.3235-45 resistance and the…
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As we advised yesterday and as seen on our previous chart, USD/JPY retreated from the 147.20 resistance zone, testing the first support at 145.90 today. As long as the market holds below the 147.20 resistance, further declines towards the…
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As we advised yesterday and as seen on our previous chart, the Euro has so far managed to sustain trades above the 1.1000 support level, with a low of 1.1008 recorded yesterday. As long as the market holds above 1.1000, a rebound…
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USDJPY pair awaits the next BoJ signal The greenback gained positive traction against the Yen as price action continued its higher move. The USDJPY pair has jumped over 400 pips so far and looks poised to climb further. The uncertainty…
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The economies of the UK and the Euro Area have taken diverging paths since the start of the year, allowing the GBPEUR to continue to appreciate. The latest leading indicators suggest the divide has deepened, and this has given the GBPEUR…
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