Orbex - Forex Trading Library

GBPUSD fell below the 1.3000 support level which could push for a further drop. As we see over the chart, Intraday levels show resistance around 1.3075. If prices remain below it, then the downtrend pressure could sustain toward 1.2820-50.…
Read More

The Euro met the target of 1.0880 and broke further below. As we see on the Intraday chart, and as long as the market holds below 1.0900, the downtrend pressure could sustain to the support at 1.0780. Prices hit a low of 1.0811 so far.…
Read More

UKOIL falls further After Oil prices spiked earlier this month, Geopolitical risks have pulled back, and so has price action. With tensions still simmering, traders are still curious about the black gold as the target of $100 by the end…
Read More

The US stocks have been crushing it in the last several months. Normally, that's relevant to forex, because stocks and currencies typically go in opposite directions. But, right now the situation is a little more complicated, as the US…
Read More

(XAUUSD) Gold traded to a new record Gold traded higher for a third day in a row as buyers pushed price action towards a fresh peak. The price is testing 2680 at the previous top with 2700 in sight. 2640 at the base of the latest bounce…
Read More

The Dow managed to hold above the support of 42650. 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 could hit the…
Read More

Gold moved above 2685 which could lead to a further advance toward 2700 or 2720. As long as the market holds above the first support at 2666, the advance movement could continue. Below 2666 prices could head for a drop correction toward…
Read More

Crude Oil faces ongoing pressure as long as the market remains below the first resistance of 71.60. The support zone of 67.20-50 could push for a rebound correction toward 71.00. Below 67.00 the market could add more of a drop toward…
Read More

USDJPY managed to print above the 149.50 resistance which could push for further move. As we see on the chart, prices face the first support around 148.25 while the second support is around 147.30. One of those supports could keep the…
Read More

GBPUSD fell below the 1.3000 support level, which could push for a further drop. As we see over the chart, Intraday levels show resistance around 1.3075. If prices hold below it, the downtrend pressure could sustain toward 1.2820-50.…
Read More