Orbex - Forex Trading Library

GBPUSD still holding above the support of 1.3170 which was tested in the last two days. If the market holding above 1.3170, more advance will be expected with resistances at 1.3300 and 1.3480. Below 1.3170 more of a drop to test…
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USDJPY managed to hold trades above the support of 143.40 and rebounded to close at   and resistance 145.25-50. The market is still holding our expected trading zone inside the downtrend channel as we see on the chart. Above 145.25…
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The Euro met the target of 1.1140 and tested the support of 1.1070. As we see on the Intraday chart, if prices hold above 1.1070, another advance will be expected with resistances around 1.1140 and 1.1200. Below 1.1070 a chance for…
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The market is universally agreed that there will be a rate cut when the Fed meets next September 17-18th. The debate is centered around how much the Fed will cut, either at this meeting or the next. But that could get shaken up considerably…
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DAX 40 Index (GER 40) continues rally The DAX 40 Index popped even higher after firmly moving away from the 18000 level. 18500 is vital in keeping the upward bias intact from the daily chart’s perspective, or its breach could trigger a…
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Eurozone CPI: Confirming the Rate Cut? At its last meeting, the ECB kept rates unchanged, but left the door wide open for a potential rate cut when it meets again in September. Since then, data has generally been cooler than expected,…
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The Dow index (US 30) hitting some resistance The Dow index retreated slightly after testing all-time highs as the Fed indicated that a rate cut is imminent. The mood has turned cautious at 41400, with an overbought RSI on the chart…
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The Dow managed to break above 41000 and advanced toward the first target of 41400 as the second target remains at 41800. As we see over the chart, market faces support around 40700-800 where as long as the market holds above it the…
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Gold managed today to start testing the support zone 2500-05. If prices remain above this zone, a chance for an advance toward 2535 and above is likely. Below 2500 more of a drop could hit the market with the second support at 2468-70…
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