Gold managed to test the  support trend for the downtrend channel closing from 2350 yesterday and managed to hit a rebound correction. Intraday levels show the first resistance around 2381-88 where as long as market holds below, another drop toward 2350 will be expected. Above 2388 more advance to test 2410-15 resistance is expected. Below […] The post Gold – 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

USDJPY managed to sustain prices above the support 151.80 and managed to so far rebound toward 154.70. Market will face the first Intraday resistance around 155.35 which could push for a correction with supports at 154.10-30 and 153.10. Above 155.35 more advance will be expected toward 157.85. SUPPORT RESISTANCE LEVEL1 153.10 155.35 LEVEL2 151.80 157.85 […] The post USD/JPY – 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

Crude Oil managed to meet the target of 76.00-50 as previously predicted. As we see on the chart the market still holding above the support 76.00 despite that the market printed a few pips below it yesterday. If prices remain above this level a chance for rebound correction toward resistance 79.20 could hit the market. […] The post Crude Oil – 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

The GBPUSD pair also fell below the support 1.2900 where we predicted before and below this level more of a drop toward 1.2730 could hit the market. Intraday resistance is at 1.2940-55 where as long as the market holds below it then a test at 1.2730-50 could occur before another swing back toward 1.3050-70. Above […] The post GBP/USD – 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

As predicted yesterday and as we see on our previous chart, the Euro fell below the support 1.0860 and back inside the old triangle formation which could push for a further drop towards 1.0700. If prices hold below 1.0870 the downtrend pressure could sustain and head towards the 1.0700 zone. Above 1.0900 some strength could […] The post EUR/USD – 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

The “Trump Trade”, “Blue Trade” and … Gold rate? There have been some major shake ups in the US election over the last couple of weeks, and they haven’t gone unnoticed by the markets. The major news events are seen having an effect on equities, commodities and even the dollar. This has led to the […] The post The “Trump Trade”, “Blue Trade” and … Gold? appeared first on Orbex Forex Trading Blog ..read more

AUD USD hitting new lows The AUD USD was down for an eight straight session, hitting a multi-month low. The price action has fallen over 200 pips and broke the 0.6600 level. The double bottom of 0.6470 in May is essential support as its breach would prompt more buyers to take profit and continue the […] The post Intraday Analysis 26.07.2024 appeared first on Orbex Forex Trading Blog ..read more

Gold managed to fall below the support 2388 and below this level a further drop wave could move toward the 2300 zone. As we see on the Intraday levels, the market seems to be building a downtrend channel with the support around 2350 and resistance around 2388. Above 2388 more advance toward 2420 could hit […] The post Gold – 25.07.2024 appeared first on Orbex Forex Trading Blog ..read more

USDJPY managed to meet the target 154.50 and managed to add more of a drop and closed today from the 151.80 support. As we see on the Daily chart and as long as the market remains above 151.80, a chance for another swing back toward the 155.35 and 160.00 levels could hit the market. Below […] The post USD/JPY – 25.07.2024 appeared first on Orbex Forex Trading Blog ..read more

The Dow managed to fall below the 40000 support level which could be the first alert of another drop. As we see on the chart, Intraday levels are showing support trends around 39600-700. Below 39600 more of a drop toward 39000 will be expected SUPPORT RESISTANCE LEVEL1 39600-700 40220 LEVEL2 39000 40500-50 LEVEL3 38500 41000 The post Dow Jones – 25.07.2024 appeared first on Orbex Forex Trading Blog ..read more