Orbex - Forex Trading Library

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…
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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…
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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…
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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…
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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…
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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…
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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…
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Cable has been hit by a one-two punch over the last week or so. Tomorrow is a barrage of economic data that might help revert the situation, at least for a bit. On the other hand, if the data disappoints, then there could be renewed…
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The Dow has maintained trades above the main support level of 41825 while rebounding toward the resistance zone of 42100-200. As long as the market holds below this resistance, another drop correction may occur. However, while support…
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Gold fell below 2622 yesterday, sustaining a drop toward the target of 2606. However, the market managed to hit a rebound correction from the 2606 zone. The main support is between 2595 and 2605; as long as the market holds above this…
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