Orbex - Forex Trading Library

The Fed is entering a transition period in which a new Chair is expected to set the tone for monetary policy. This creates some market uncertainty, which could affect dollar pairs. It's particularly acute this time around, given US…
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The Dow still holds inside the short-term uptrend channel. As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target…
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Gold managed to meet the target of 4878 and broke below it before the market rebounded. As we see over the Intraday chart, prices still face a resistance zone at 4945-70 which could restore the drop pressure over the market toward 4800 and…
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Oil managed to hit the target of 66.15 a few weeks ago. The market managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran…
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The pair managed to test the first resistance at 157.60-90 which led to a correction to close towards the 152.00 support from last week. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards…
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GBPUSD managed to fell below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the chart the support zone of 1.3380-99 could push for another rebound towards 1.3735 and above.…
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The Euro is still holding below the resistance zone of 11970-90 which could push for another drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below 1.1765, the downtrend pressure could…
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USDCAD at a crossroads The greenback continues to gain ground over an underwhelmed Canadian dollar. The pair has moved over 100 pips since the pair rallied above the 1.3600 zone. A brief bounce and a close above the immediate hurdle at…
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Tuesday has multiple events that could profoundly affect crude prices. The moves could be even larger than normal, given thin trading in the market, as the world's largest importer, China, is on holiday. Depending on what happens over the…
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