Orbex - Forex Trading Library

The Dow managed to met the target zone at 49500-600. As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760. As long as the market holds above…
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The market managed to test again the resistance of 4635. However, the Intraday chart shows the chance for a trading zone, if prices hold below 4635 with supports at 4560 and 4500. Each support has the chance to push the advance higher.…
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Oil closed at target and resistance of 62.60 yesterday before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where…
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The pair managed to test the support of 1.3400 which is still holding so far. As long as the market holds above 1.3400, the scenario for another advance toward 1.3610-40 zone remains. Below 1.3400 more of a drop will be expected with…
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EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490. As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher. Below 1.1600 more of a…
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USDJPY hit 158.95 and closed from the target at 159.85. As we see over the chart, the short-term outlook is towards the resistance zone of 160.20 - 161.95 as a potential risk to push the market for a correction towards 157.50 or 154.30.…
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USDJPY meets major resistance The Yen pair hit some resistance after pulling back from yearly highs. The recent upturn in momentum has come to a halt in the mid-159.00 area. From a short-term perspective, the trajectory remains upward,…
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One of the most important data points that could drive cable this week is the release of the UK's monthly GDP figures on Thursday. With inflation above target and growing slack in the labour market, traders are focusing on growth figures to…
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