Orbex - Forex Trading Library

USDCHF extends the descending channel The US dollar hit another low point as prices crashed through the 0.8900 level. The bull’s attempt at a rebound came to a halt at 0.8940, which is a support-turned-resistance after a mid-month…
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The Dow managed to activate a further advance wave and hit the target of 40500 and above. As we see on the chart, prices could hit a correction anytime with the first support around the 40400-50 zone which could activate further advance…
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Gold managed to meet the target and advance above it where managed to break above the all time high of 2450. As we see on the chart, the market is facing resistance around 2482 which could push for a correction to test the 2450 support…
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Crude Oil managed to fall below the support of 80.00 which could push for a further drop. As we see on the chart, the market is facing the first intraday resistance around 80.30 with the second resistance laying at 81.50. If prices hold…
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USDJPY managed to break below 157.60 very rapidly. As we see on the chart, the market is facing 157.40-60 as a resistance level. If prices hold below it, the downtrend pressure could sustain toward the first target of 155.70 and 154.50.…
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GBPUSD managed to sustain an advance and managed last week to break above the 1.2890 resistance. As we see on the chart, the market is facing the first Intraday support around 1.2900. If prices hold above it, more of an advance could hit…
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The Euro managed to break above 1.0915 today which could set off another advance as previously predicted. As we see on the daily chart, prices now face a 1.0860 support level. If prices hold above it then the advance wave could move…
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The Japanese Yen has witnessed a significant decline to its lowest levels in decades against major currencies, drawing attention to the Bank of Japan (BoJ) to see if it can rescue the struggling currency. As the USD/JPY pair reached…
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The last time the ECB met, the result was what the headlines called a "hawkish cut". That's because the easing was widely expected, and was followed up by assurances that the ECB would stick to the data. And the data at the time (and since)…
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