Orbex - Forex Trading Library

Last Friday, USDJPY print below the support at 149.75, which could lead a further drop. As we see over the Intraday chart, the market is facing resistance at 151.40-70, where as long as prices hold below it, the downward pressure could…
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GBPUSD managed to print above the resistance of 1.33420-60 last Friday, which placed mix signals over the upcoming projection. As we see over the Intraday chart, the market looks towards a trading zone between support 1.3320…
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The Euro met the target and resistance zone of 1.1700-20 last Friday. As we see over the Intraday chart, prices still face a support zone at 1.1610-30. If prices remain above this zone, another advance toward 1.1775-85 will be expected.…
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(UKOIL) Brent looks for reprieve (UKOIL) Brent remains pressured at a 5-month low as prices finally find some support. However, this might not be the last downturn we witness, as the global oil market could face a massive surplus next…
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On Monday, China will disclose its Q3 GDP figures, the first major economy to publish this important data. Markets will likely pay close attention to the data to gain better insight into the health of the global economy. As the world's…
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( UK 100 )FTSE remains choppy The ( UK 100 )FTSE continues to grind sideways as the recent direction has left traders feeling uneasy. Following a tentative test to break 9400 on the downside, the index appears to have encountered…
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Crude WTI prices this week have resumed their downward trajectory, accumulating eight consecutive weeks of declines. WTI is down over 6% since last Wednesday, and even poked through the $58 per barrel level on Tuesday. At this rate, crude…
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The Dow managed yesterday to hit around 80 pips above the resistance at 46600, as the market moved back to hit the daily close, which was a sign of a false break. We still holding our previous outlook for Dow that if prices…
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Gold met the target of 4235 and price action looks to be building a Rising Wedge formation, which is considered to be a challenge for the uptrend wave. So far, the market is showing the chance for a trading zone between 4200…
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