Orbex - Forex Trading Library

Oil managed to meet the target of 54.80 which caused a rebound to test today the 57.05 resistance. As we see over our previous chart, the market is facing a trading zone between support 54.80 and resistance 57.05. Above 57.05 more advance…
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Prices managed to met targets 156.15 and 156.95 after the BOJ Interest-Rate Hike last week. As we see over the previous  chart, the market is facing resistance around 157.90 which could push for a correction toward 156.15 before a rebound.…
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The market broke above 1.3360-70 which could lead to a further advance. As we see over the previous chart, prices face support around 1.3280-99 which could push towards toward targets 1.3470 and 1.3600. Below 1.3280 more of a drop could…
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The Euro managed to hit the of target 1.1675 and almost closed towards 1.1820. As we see over the Intraday chart, and as long as the market holds above the 1.1680 support, the advance could continue toward 1.1820. Above 1.1820 more…
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GBPUSD consolidates losses Cable failed to keep hold of its recent high after last week's Bank of England rate decision. The recent high of 1.3450 was short-lived after a heavy rejection; however, a surge above this ceiling might open…
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GBPUSD remains bullish Cable remains bullish as last week’s inflation data caused a spike in price action. With inflation falling sharply in November, this fuelled the likelihood of a rate cut in the Bank of England’s final meeting of…
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As the trading year winds down ahead of the Christmas holiday season, it's worth taking a moment to reflect on what drove the markets over the last twelve months to get a baseline for what to expect in the year ahead. One aspect to consider…
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The Dow closed towards the support trend of 47600-700 which could keep the trading zone toward resistance 48370-500. Above 48500 more advance will be expected with resistance at 48860. Below 47600 more of a drop towards 47090 is likely.…
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Gold met tagets 4350 and 4370-80 before correcting yesterday. From the Intraday chart, prices are facing support around 4290, where as long as the market holds above it, another rebound toward 4350-70 could hit the market. Below 4290 more…
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Crude Oil managed to hit the target of 54.80 which caused a rebound. As we see over our previous chart, the market is facing the chance for a trading zone between support 54.80 and resistance 57.05. Above 57.05 more advance to re-test the…
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