Orbex - Forex Trading Library

Metals have certainly had a year to remember. Firstly, gold reached record highs repeatedly after breaking the $4,000 level, and now it’s the turn of silver, which has drawn attention with its multi-year peaks. As gold takes a breather,…
Read More

Gold tested the resistance zone of 4343-50 last Friday and dropped towards the target of 4265. As we see over our previous chart, we still expect this trading zone to hold the market toward resistances 4358-62 and 4381. We…
Read More

USDJPY held below the 156.15 resistance which managed to cause a drop towards 155.35 so far. The market is still showing the chance for a trading zone between 154.90 and 156.15. Above 156.15 the chance for the advance wave will return…
Read More

GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the Intraday chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and 1.3600.…
Read More

The Dow managed to hit the targets of 48000 and 48420 and added more advance. As we see from the previous chart, prices face a support zone around 48000-300 which was tested last Friday. If the market holds above this zone, then the…
Read More

Oil met the target of 57.60-80 and managed to push for a further drop. As we see over the chart, prices remain below the downtrend resistance line of 59.00, which could keep up the pressure over the market as support at 54.80 could lead…
Read More

Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.…
Read More

(GER 40) Dax 40 not slowing down The (GER 40) Dax 40 ticked higher as global market optimism and rising US markets drive gains. After hitting resistance at 24000, the index powered to another 400-point lift to confirm another fresh…
Read More

(SPX 500) The S&P extending record (SPX 500) The S&P erased more losses as prices look for a fresh record. Sentiment remains upbeat for the AI and tech sectors, as the heavyweights on the S&P list remain bullish. With the…
Read More