Orbex - Forex Trading Library

Gold trends were showing a strong upward movement last week,, but it didn't quite manage to close above the key $2,500/oz level. But on Monday trading in Asia, it did pop up higher. And it's a pretty good time to be a gold investor - for…
Read More

XAUUSD bounces back Gold moved higher after a brief sell-off with a firm rejection towards the previous record high. A combination of a break above the daily resistance of 2450 indicates that sentiment has turned around following a dip…
Read More

The Dow managed to break above the resistance of 39875 and advanced to hit a high of 40655. As we see over the chart the market could move between the support levels of 39850 and 39450 and resistance zone of 40800-900. Above 40900…
Read More

Gold managed to drop toward 2440 as we stated a few days ago. As we see on the chart, the market still faces the 2475-95 resistance zone which could push for another correction toward the 2430-40 support zone, before the market advances…
Read More

Crude Oil managed to fall below the first support of 76.00 as prices dropped but still held above the second support of 74.20. If prices remain above 74.20, another advance wave will be expected with resistances around 75.80 and…
Read More

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…
Read More

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…
Read More

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…
Read More

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…
Read More