Orbex - Forex Trading Library

Are the markets crashing, or is this just a short correction? That's a very pressing question for traders after what happened on Monday. It appears there is a bit of a rebound starting on Tuesday. But, is it a dead cat bounce? Or did the…
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AUDUSD RBA bounces the Aussie The Australian dollar fell after a mixed attitude with the latest RBA rate decision. The greenback has recovered from the ongoing bullish rhetoric from the Aussie for the past three months to test April’s…
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The Dow managed to break below the support of 39800-900 last week and met the target of 39200-300. Prices managed to also to break below this support 39200-300 which placed more of drop pressure in the market. As we see on the chart…
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Gold managed to break below the support of 2430 and another drop could hit the market. As we see over the Intraday level chart, we are looking for the 2410-20 support zone where below this zone, we will expect another drop towards 2370…
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Crude Oil managed to meet the target of 72.45 as projected last week and managed today to break below this support. As we see on the chart, If prices remain the below 72.45, the downtrend pressure could sustain for another drop toward…
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USDJPY managed to meet the target of 146.00-50 and also continued to drop today. As we see on the chart, prices are facing supports around 141.65 and 140.20 and a rebound will be expected toward 144.00 or 145.60. Below 140.20, a…
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GBPUSD still facing downtrend pressure with prices moving toward the 1.2450 target. As we see on the Intraday chart, the market is facing resistance around 1.2840-70. If prices remain below it, then a drop could sustain toward 1.2450.…
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The Euro managed to advance farther above the 1.0870 resistance as the market close in on the second resistance zone around 1.0980-99. As we see on the chart and as long as the market holds below 1.1000, another drop toward 1.0800 will…
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Economists and analysts are pretty much in unison in expecting that the RBA rate will keep steady at the conclusion of its August meeting tomorrow. The main issue for how the Aussie reacts, however, is what is forecast to happen beyond…
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