Orbex - Forex Trading Library

Gold tested the support trend at 2468-70 and held prices above. The market managed to advance above the intraday resistance of 2500-05 which could maintain an advance toward 2535 and 2555. Prices now face supports around 2515 and…
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GBPUSD managed to add more of an advance above 1.3150 last week. The market now faces supports around 1.3170 and 1.3050-70 and if prices hold above one of those supports, more advance toward 1.3300 is expected. Below 1.3050, the…
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The Euro managed to meet the target of 1.1140 and advanced to test the next resistance around 1.1275. As we see on the Intraday chart, prices now face the first support around 1.1070. If prices hold above it, more advance will be…
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How Much Did Powell's Speech Move the Needle? Fed Chair Jerome Powell did what he was widely expected to do last Friday: Announce that "the time has come" for the Fed to pivot towards easing. As in the past, the meeting at Jackson Hole…
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Oil WTI (USOIL) finding support Oil WTI found some support after the recent bearish rally, which saw almost $10 wiped off its value. A series of lower lows was a sign of mounting selling pressure, and each dip had been an opportunity for…
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S&P 500 index reaches for another record The S&P 500 index resumed the climb after the latest FOMC minutes hinted at a rate cut at the next meeting. Most officials supported a September rate cut if inflation continued to drop.…
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The Dow managed to meet the target of 40800-900 as the market is at risk of a correction which could hit towards the 40400 and 40000 levels. As we see over the chart and if the market keep trading below 41000, this drop could hit at any…
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Gold tested the support trend yesterday and managed to hold above 2469. As we see on the Intraday chart, the market is now testing the resistance zone of 2500-05 which could cause a correction, before moving back to advance again toward…
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Crude Oil managed to fall below 74.20 and dropped further to re-test the support zone of 71.50-99 yesterday. As we see on the chart, the support trend is around 71.50-99. if prices hold above it, another advance wave toward 80.50 will be…
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