Orbex - Forex Trading Library

At its last meeting, the BOE cut its inflation outlook for this year, saying it will fall below target in the second half. This was interpreted as a sign that the central bank will cut rates at the next meeting in March. However, that…
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Oil managed to hit the target of 66.15 last Friday. The 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 could…
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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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Intraday levels show Gold in an uptrend channel which could be the correction phase before another drop toward 4600 and below. However, and as we see over the Intraday chart, market support is at 4974, with resistance at 5035 could create…
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The par managed to test the first resistance at 157.60-90 which led to a correction. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards 160.20, as long as the market remains above…
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GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99 support zone…
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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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USDCHF remains undecided The US dollar softened as the pair failed to make a meaningful move, with prices remaining stuck in a consolidation. On the chart, the pair has remained under pressure after failing to break above the 0.7800…
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EURUSD reversing the trend The Dollar has had a few months to forget, after hitting continuous lows against the Euro, the pair has seen over 500 pips wiped off its value. However, the tides are starting to turn as progressive jobs data…
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