Orbex - Forex Trading Library

The GBPUSD pair seems preparing for further advance at the daily close above the 1.2815 zone. As we see on the chart, the market is facing the first intraday support around 1.2730. If prices hold above this area, more advance to attack…
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As we projected last Friday, the Euro managed to hit a 1.0840 high and closed at 1.0850. The chart shows the market is facing resistance on the Triangle formation around 1.0890-1.0915. If the market fails to break, then another move…
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Last week, gold trended higher in the wake of weaker US data. It wasn't just gold, but the whole of the base metals complex were upbeat as well, with silver and platinum going higher. Part of that could be explained by weakness in the…
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XAUUSD hits resistance Bullion attempts another leg higher after mixed data from Friday’s US jobs report. Even though NFP figures beat expectations, the unemployment rate jumped above 4%. The price seems to have secured a foothold around…
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USDCAD BoC looking for more hikes The USDCAD pair has continued decreasing due to weak US data and lower rates. The Canadian dollar maintained its two-week range intact as price action continued to fall lower, recouping June’s losses.…
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As we see on the Intraday chart, the market is showing the first support around 39200, whereas long prices hold above it, the advance wave could sustain towards 39750 and above. Below 39200, will be the first weak sign with the second…
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As projected yesterday and as seen on our previous chart, Gold hit the target at the 2353-56 zone. Prices are facing the support around the 2345-50 zone, where as long as the market holds above it, a chance for an advance could hit the…
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Crude Oil managed to meet the target of 83.00-60 zone and retreated as expected. Should the market hold below 83.60, a correction could hit the market with support at 80.00. Above 83.60, the market could head for further advance…
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As projected yesterday, the USDJPY pair dropped a few days ago and tested the support of 160.90. On the Intraday chart, should prices hold below the resistance of 161.70, then another drop could hit the market to test the 159.75-95…
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