Orbex - Forex Trading Library

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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Crude Oil managed to test the support zone of 71.50-99 and rebounded as expected to hit the targets 74.20 and 75.80. As we see on the chart, the support trend is around 71.50-99 and if prices hold above it another advance wave toward 80.50…
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USDJPY managed to hold above the support of 143.40 and closed at the target of 145.25-50. If prices remain below 145.50, a chance for a drop could hit the market with supports at 144.55 and 143.40. Above 145.90 more advance will be…
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GBPUSD managed to add more advance above 1.3150 last week. Market now facing supports around 1.3170 and 1.3050-70 and if prices remain above one of those supports, more advance toward 1.3300 is still expected. Below 1.3050, the market…
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The Euro managed to meet the target 1.1140 and advanced further with the market facing a second resistance around 1.1275. As we see on the Intraday chart, prices now face the first support around 1.1070 and more advance will be expected…
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