Orbex - Forex Trading Library

NZDUSD tests critical floor The New Zealand dollar hit a fresh low as prices gave up most of yesterday’s gains. The pair is struggling to hold as the RSI attempts to move away from oversold territory. The support-turned-resistance at…
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The yen has been weakening over the last month, but that trend picked up pace substantially on Wednesday. The USDJPY rose to levels not seen since January, and could potentially crack highs for the year above the 158 handle. This is a bit…
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USDCHF testing resistance The Dollar continues the rally after moving over 100 pips in recent sessions. The pair is now testing the 0.8000 resistance level, which has become a firm psychological target. A jump above this level has led…
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One of the major drivers for the dollar lately has been the delayed or missing data during the US government shutdown period. This is particularly relevant for trying to determine what the Fed will do at the next meeting, as well as gaining…
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AUDUSD heading south The Aussie continues to bounce lower as prices remain in a bearish channel. The pair has completed a full reversal of the early November rally that saw prices reach the 0.6580 level. However, the low of the rebound…
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This week's FOMC minutes data could be crucial for the markets, particularly those connected to gold and forex. There have been growing doubts about whether the Fed will actually implement a rate cut in December. The minutes could provide…
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The Dow retreated below the support of 46400, which could create some pressure over the Intraday prices as the market still faces the support trend around 46250. As we see from the chart, a chance for a trading zone between support 46250…
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Gold broke below 4045 yesterday and managed today to test the target and support zone of 3995-4000. As we see from the chart, a trading zone between support 3995-4000 and resistance 4055-65 could hold the market. Above 4065 more…
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