Orbex - Forex Trading Library

GBPCAD pair stuck sideways The GBPCAD pair looks for direction after a continuous consolidation leaves support at 1.7700. A close above the high of 1.7850 will attract momentum buyers, sending the pair towards a multi-year high of…
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The market has become pretty confident about what to expect when the FOMC ends its two-day meeting tomorrow and announces its decision on monetary policy. The overwhelming consensus is that the Fed will keep rates unchanged, but pave the…
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S&P index (US 500) probes support The S&P index slid further as investors awaited further confirmation of a move from the Fed. While a close above 5500 supports the bullish trajectory, the latest horizontal grind signifies…
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The Dow managed to advance above the 40500-50 resistance which could push for a further advance toward 41100. As we see on the Intraday levels chart, prices are facing support around 40400-50 where as long as the market holds above this…
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Gold managed to advance above the 2388 level and managed to re-test the downtrend channel resistance around 2403-05 last week and today. As we see on the chart and as long as the market keeps holding below this resistance, then another…
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Crude Oil managed to meet the target of 76.00-50 as we previously predicted. As we see on the chart the market is still holding above the support 76.00 despite the market hitting a few pips below it last week. If prices keep holding above…
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USDJPY managed to sustain trades above the support of 151.80 and managed so far to rebound toward 154.70. Prices managed to re-test the support of 153.10 twice so far. Market will face the first Intraday resistance around 155.35 which…
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The GBPUSD pair fell below the support 1.2900 where we projected before that below this level more of a drop toward 1.2730-50 could hit the market. Intraday resistance is at 1.2940-55 where as long as the market holds below it, more of a…
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The Euro fell below the support of 1.0860 as the market fell back inside the old triangle formation which could push for a further drop toward 1.0700. As we see on the chart and as long as the market holds below 1.0870, the downtrend…
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