Orbex - Forex Trading Library

US CPI and FOMC Meeting: High Volatility Day Markets are getting set up for something like a rollercoaster tomorrow with some top rated events for the month happening practically on top of each other. US inflation figures for May are…
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USDCAD jumps 100 pips The greenback rallied after May’s NFP job numbers exceeded expectations. The primary resistance of 1.3740 was quickly broken and attracted more bargain hunters. A bullish breakout has forced sellers to bail out and…
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As seen in our previous chart, the Dow is facing two primary resistances, 38900 and 39220. If prices remain below this area, another drop toward 37700 will be expected. Above 39220, more of an advance toward 39750 could hit the market.…
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Gold fell below the 2315 support and printed a 2286 low. The chart shows that the market is heading for the trading zone between support 2277 and resistance 2312-15. Above 2315, more of an advance toward 2340 and above will be…
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Our previous chart shows that Crude Oil rebounded before testing the support trend at 70.00-50. The market is closing in on the resistance zone at 76.00-50, where if prices hold below, a chance for another drop towards 70.00-50 could…
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The USDJPY pair corrected as prices managed to test the uptrend support line around the 154.50 zone, as seen on the chart. The market managed to rebound today to print a price of 157.18. Intraday levels show the first support at…
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As seen in the last two weeks on our previous chart, the GBPUSD pair met the target of 1.2800, which caused a correction. As we can see from the chart, if the market holds below 1.2800-15, a further drop will be expected with support at…
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The Euro fell below the support of 1.0785-95 today, and as stated previously, below this level, more of a drop toward 1.0700 will be expected. As we can see from the chart, the market is facing resistance around 1.0800-10, where if…
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UK Data Barrage: The Pressure is on the BOE The pound has been gaining strength over the last month or so, thanks to several factors. But the most salient could be said to be the upcoming election. It's widely considered that the BOE won't…
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