Orbex - Forex Trading Library

USDJPY managed print a high of 144.48 last week while the market still holds below the downtrend line resistance 144.70-145.00. As long as market holds trades below this downtrend line another drop correction could happen toward 142.20-40.…
Read More

GBPUSD managed to break above the 1.3300 resistance which could lead to an advance toward targets 1.3435 and 1.3635. As we see over the Intraday chart, prices hold above the support of 1.3220 and printed 1.2348 low today. As long as the…
Read More

The Euro dropped as prices remained below the  resistance of 1.1200. As we see over the Intraday chart, market is facing support around 1.1070 and hit a low of 1.1083 today. As long as the market remains above this support, another…
Read More

The Reserve Bank of Australia is near universally expected to keep rates on hold at the conclusion of its policy meeting on Tuesday. Given the movement in the data recently, there will be a lot of focus on what it signals is coming at the…
Read More

CADJPY pair back on track The Canadian dollar began the fightback as inflation jumped higher in Japan. On the chart, bulls are still trying to regain the upper hand after bouncing 300-pips higher, which could be a sign of a recovery.…
Read More

NAS 100 reversing gains The Fed's decision is still providing ripples in the market as the initial reaction saw the Nasdaq move higher after some initial volatility around the decision. The index pushed to a multi-week high as price…
Read More

There have been more worrying signs about the state of the EU economy over the last week. This comes amidst a change in leadership at the top level, signifying that there is increasing recognition of a problem. But, that doesn't mean there…
Read More

XAGUSD spikes higher The silver rally continued after the Fed’s decision, pushing prices to a fresh high., as Silver moved to a fresh high. The precious metal has recouped most of the losses from the recent sell-off. The peak of 31.50 is…
Read More