Orbex - Forex Trading Library

As we see over the previous chart, the market still faces the main resistance zone at 4160-90, if gold remains below it, the downtrend pressure could sustain for another drop swing towards the 4004-20 zone. Below 4004 more of a drop…
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The market managed to hit the second target around the 62.60 resistance. As we see over the previous chart, the market facing the chance for a trading zone between support 60.00-20 and resistance 62.60. Above 62.60 more advance will…
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USDJPY managed to meet the first target at the resistance 152.60 and managed to move above it last week. As we see from the Intraday chart, the market is facing a support zone at 151.05-40, where if prices hold above it, more advance…
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We are still holding our previous outlook for the GBPUSD pair. Signals coming from the market show downtrend pressure with the chance for a trading zone, with support at 1.3250 and resistance at 1.3480-1.3535. Below 1.3250 more of a…
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The Euro managed last week to hold above the support of 1.1545, giving the chance for another rebound. Price face support at 1.1545 as resistance at 1.1700-20 could create a trading zone. Below 1.1540 more of a drop will be expected…
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EURUSD moves higher The Euro pushed higher after Friday’s inflation data came in mixed. The pair is looking to confirm a break above 1.1700. Clearing this psychological zone would move prices towards the recent peak at 1.1730. On the…
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USDJPY awaits rate decision The greenback continues to gain positive traction against the Yen as price action moves higher. The pair has jumped over 600 pips so far this month and looks poised to climb further. The uncertainty over a…
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The BOC will hold its October policy meeting on Wednesday and announce its decision ahead of the FOMC meeting. The consensus is for another 25 bps rate cut. However, expectations about what the BOC will do have fluctuated, particularly…
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AUDUSD hits resistance The Aussie hit another brick wall as prices failed to breach the recent top. The latest upside move stalled at 0.6520 as sentiment shifted lower. A combination of profit-taking and fresh selling could weigh on the…
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The Dow moved back below 46600, which provided reversal signals over the market again. As we see over the chart, the market is facing a resistance zone at 46600-750, and if prices remain below it, more of a drop could hit the market with…
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