Orbex - Forex Trading Library

Our previous projection is still validated on the previous EURUSD chart as the market closes from the US PCE price index today. Prices managed to close from the triangle support trend and a few days ago printed a 1.0665 low. Should the…
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XAUUSD holds the $2300 level The yellow metal remains indecisive as upticks in US data see price action under pressure after the recent sell off. A boost in initial jobless claims was balanced by an upwardly revised GDP print that met…
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French Elections Dragging on the Euro We're heading into a weekend that could be a bit fraught for the Euro, as French voters head to the polls. The shared currency has been underperforming since earlier this month when French President…
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XAUUSD remains choppy Gold saw a slight lift as US GDP data came in below expectations, a welcome relief for bulls as prices broke back above 2300. The price is still licking wounds after failing to hold above 2360. Only a break above…
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The Dow dropped back to re-test the support zone of 39000-100. As seen on the Intraday chart, the first support is at 38900 which could mean that a correction could occur and maybe higher toward 39750. Below 38900, more of a drop will be…
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Gold broke below 2315 yesterday and also managed to drop further towards 2293. Prices rebounded while still facing the 2315-18 resistance zone. The market could hold this trading zone between 2290-92 and 2315-18. Above 2318, more of an…
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As we projected earlier this week and seen on our previous chart, Crude Oil managed to sustain an advance movement on escalating risk on the Red Sea. Intraday levels are showing the first support at around the 80.00 zone, where as long as…
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USDJPY managed yesterday to break above the 160.00-20 resistance zone which could keep the uptrend going towards the second target of 162.00. On the chart, prices are facing the first intraday support around 159.75-95. If prices hold above…
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As we advised early this week and seen on our previous chart, the GPBUSD pair managed to hit the first target of 1.2640 and move lower. Prices also managed to hit the rebound correction toward the 1.2700 level, while the downtrend pressure…
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Our previous projection is still valid on the EURUSD pair as seen on our previous chart. The market managed to close from the triangle support trend yesterday to print a 1.0665 low. If prices hold above the support trend of 1.0650, then a…
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