Orbex - Forex Trading Library

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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USDJPY tests resistance The greenback clawed back losses after NFP figures beat expectations. The price jumped over 100 pips and cleared the central supply area at 156.00. 156.70 over the 20-day SMA has seen buying interests propelling…
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The USDJPY pair corrected as prices tested the uptrend support line around the 154.50 zone, as seen on the chart. The market rebounded and is facing resistance around 156.50. If prices hold above 154.50, the advance wave could sustain…
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As previously stated, the Dow faces two primary resistances around 38900 and 39220. If prices remain below the said areas, another drop towards 37700 is likely. Above 39220, more advance towards 39750 could hit the market. …
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Gold headed for a significant decline on news that China stopped buying any of the precious metal last month. The market still faces an intraday support zone at 2315-20, with a rebound expected. Below 2315, more of a drop could hit…
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