Orbex - Forex Trading Library

Crude Oil managed to meet the target 78.00-25 and above as previously projected. As we see on the Intraday levels, the market still has supports around 76.00 and 74.20 and one of those supports still has the chance to push for a further…
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USDJPY managed to add more advance above 146.70 while market facing firm resistance around the 148.50-60 zone. As we see on the chart and if prices remain below 148.50-60, the downtrend pressure could sustain for another drop toward the…
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GBPUSD is still facing downtrend pressure as the market signals a move towards 1.2450. As we see on the Intraday chart, prices face resistance around 1.2840-70 and if prices remain below it, the drop could sustain toward 1.2450. Above…
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The Euro managed to pass above the 1.1000 level which could give a push for more advance. The Intraday levels show a possible uptrend channel which could have resistance around 1.1030-50 and support at 1.0890. A trading zone could occur…
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Markets Await CPI! Gold led the way as price action pushed for another record high ahead of today’s CPI news. The economy has weighed on investors recently as fears about a recession grew. Will the Fed have no choice but to cut rates…
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Today's US CPI data release is likely to be the most important for the whole week, in light of what happened to the markets last week. The most recent drop (and so far tepid recovery) was driven primarily around the outlook for the US…
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GBPUSD probes for support Cable moved higher as April’s unemployment rate fell more than expected. A break above 1.2800 has further put the bears on the defensive. On the chart, the pound is still in a downtrend, meaning that the…
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RBNZ Rate Decision: Are We Sure It's A Cut? New Zealand's central bank is the first to wade into the choppy waters of the financial world after last week's "flash crash". Although markets have largely stabilized since then, there has been…
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EUR/AUD falls from peak The Australian dollar surged as business confidence was boosted in the country. The chart shows that the bias favours the Aussie after it broke below 1.6600. A drop below 1.6550 has forced leveraged buyers to bail…
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