Orbex - Forex Trading Library

Crude Oil managed to fall below the 76.00 support which could keep the downtrend pressure on for a further drop. As we see on the chart and as long as the market holds below 77.50-70, more of a drop is still expected toward the 72.45-95…
Read More

USDJPY managed to close at 155.35 yesterday which managed to keep the downtrend pressure as previously projected. Market managed to break below the support of 151.80 today after the BoJ surprisingly hiked rates. As we see on the chart,…
Read More

GBPUSD also fell below the support 1.2900 where we predicted before and below this level more of a drop toward 1.2730-50 is expected. Intraday resistance is at around 1.2940-55. If prices hold below it more of a drop to test 1.2730-50 is…
Read More

The Euro fell below the support 1.0860 as prices fell back inside the old triangle formation which could push toward the 1.0700 zone. As we see on the chart and as long as market holds below 1.0870 then the downtrend pressure could…
Read More

The market appears to be pricing in a 50-50 chance that the BOE Rate Decision will cut rates when its policy meeting ends tomorrow. That means the market is likely to react no matter what happens. But there are some indications that a cut…
Read More

GBPCAD pair stuck sideways The GBPCAD pair looks for direction after a continuous consolidation leaves support at 1.7700. A close above the high of 1.7850 will attract momentum buyers, sending the pair towards a multi-year high of…
Read More

The market has become pretty confident about what to expect when the FOMC ends its two-day meeting tomorrow and announces its decision on monetary policy. The overwhelming consensus is that the Fed will keep rates unchanged, but pave the…
Read More

S&P index (US 500) probes support The S&P index slid further as investors awaited further confirmation of a move from the Fed. While a close above 5500 supports the bullish trajectory, the latest horizontal grind signifies…
Read More