Orbex - Forex Trading Library

USDJPY moved higher yesterday on economic figures and managed to test the resistance of 149.30-50. As we see over the Intraday chart, the market is facing support around 147.80. If prices hold above it, an advance could move toward…
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GBPUSD advanced above the 1.2870 resistance which could move higher as previously stated. As we see on the chart, prices face supports around 1.2870 and 1.2800 and if process remain above one of those supports, more advance will be…
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The Euro managed to test the resistance zone of 1.1030-50 while still holding inside an uptrend channel. The Intraday levels show a possible uptrend channel which could have resistance at 1.1030-50 and support around 1.0890. A trading…
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XAUUSD gearing up for another record The recent weakness in the US Dollar provides some support for the yellow metal, as shown in the XAUUSD chart. This came after another failure swing at the recent record high as price action fell away…
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Traders in Japan reached an important milestone on Friday: The benchmark Nikkei 225 recovered the entirety of the losses from August 5's "Black Monday". The carry trade situation appears to have stabilized, with institutional investors…
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FTSE index(UK 100) grinding higher The FTSE index continued its comeback as progressive bullish waves moved towards 8400. A close above 8000 is another milestone in the two-week-long rebound, signalling an intense lingering bullish…
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On the surface, the big data out of the US on Wednesday confirmed US CPI expectations for easing. Inflation was lower, as expected. Yet the market reacted by going in the opposite direction, pricing less easing by the Fed and yields higher.…
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US30 index tests resistance The  US30 index (Dow Jones) remains steady as investors brace for the latest CPI news and the Fed’s reaction. The rally was unobstructed after it cleared the cluster of resistance around 39000. As the index is…
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The Dow managed to rebound after last Monday’s sell off and entered the resistance of zone 39475-875. As we see on the chart, prices show resistance around 39475-875 which could re-activate the downtrend pressure for a drop toward…
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Gold managed to sustain an advance while managing to hit a 2478 high today. With the market preparing for the US Inflation data today, prices have a chance for another drop toward 2440 and 2380-85. Above 2495, the market could enter a…
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