Orbex - Forex Trading Library

Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60 while maintaining prices below the downtrend line. The market managed to keep holding trades above the 80.00 level and corrected as expected.…
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USDJPY managed correct as we saw before and managed yesterday to meet the target of the 157.60-90 zone. As we see on the chart, Intraday resistance start from 159.65 and should prices hold below it, another…
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GBPUSD managed to sustain an advance as predicted before and managed yesterday to break above the 1.2890 resistance. As we see on the chart, the market is facing the first Intraday support around 1.2900, where if prices hold above it,…
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As projected last Friday and as we see on our previous chart, the market is facing a resistance trend on the Triangle formation around 1.0890-1.0915. If prices fail to break above this resistance, then another drop towards 1.0700 is…
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XAUUSD looks to regain momentum The precious metal market holds firm as weak employment data pushes the odds of the Fed cutting rates in their September meeting. Traders continue to watch for further clues from Jerome Powell's…
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Chinese Q2 GDP and Communist Party Third Plenum The week of July 15 will start with a major focus on China. Given the size of the country and the magnitude of what's going on, it will likely have global repercussions. Traders are used to…
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GBPUSD breaks resistance The pound advanced as the BoE hinted that rate cuts were coming. A new high above 1.2840 suggests a bullish continuation after the recent rally. A continuous upbeat market sentiment could attract more trend…
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The Dow fell after US labour market data moved prices to a 39155 low before rebounding above the support 39200. The market is showing the first support around 39150-200 where as long as prices hold above it then the advance could sustain…
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Gold managed again to rebound toward the 2387 resistance zone as we projected. As we see on the chart, the market is facing the Intraday support zone around 2365-68, where as long as prices hold above, an advance wave toward the second…
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As predicted early this week and as we see on our previous chart, Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60. Prices managed yesterday to meet the target at the 80.00 levels. The market…
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