Orbex - Forex Trading Library

XAGUSD consolidates gains Silver remains cautious even though a weaker US dollar boosted the demand for precious metals. A surge above June’s high of 31.54 indicates intense buying pressure, carrying the price to the psychological level…
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The chances of a rate cut from the BOE are on a knife's edge at the moment, so the usual barrage of UK data this week could have a major impact on the markets. Cable has been riding a post-election high, with markets expecting slightly more…
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USDCHF stuck in a channel The US dollar sank further as USD inflation woes weigh heavy, and the Fed is expected to start trimming rates this year. On the chart, sentiment has turned from cautious to highly bearish. A move below this…
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As we see on the chart, the Dow seems to be building an uptrend channel with Intraday resistance at 40320-50. This could push for some trade zone toward first support 39980 before advancing toward 40500 and above. Below 39980 more of…
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As we see on our previous chart, Gold managed to sustain trades above the support of 2392-95 and rebounded toward 2418 last Friday. As we see on the chart, as long as the market holds trades above 2392-95, the uptrend wave could sustain…
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Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60 while maintaining trades below the downtrend as seen on the chart. The market managed to keep in this trading zone between support 80.00 and…
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As we saw last week and on our previous chart, the USDJPY pair held below the resistance of 159.65 and hit a correction toward the target of 157.60-90 again. Another rebound toward 159.65 will be expected as long as the market holds…
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The GBPUSD pair managed to sustain an advance as previously predicted and last week broke above the 1.2890 resistance. As we see on the chart, the market is facing the first Intraday support around 1.2900 where as long as it holds above,…
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As we predicted two weeks ago and as we see on our previous chart, the market is facing a resistance triangle formation around 1.0890-1.0915. If prices fail to break above this resistance, then another drop toward…
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