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9 | Follower
Orbex Forex Trading
21.11.2024
Markets focus on US Flash November PMIs, revealing post-election trends, manufacturing struggles, and steady growth in services.
USD weakens as the metal market gains momentum, with USDCAD facing resistance, Silver consolidating, and GER40 testing key support levels.
Gold buyers have returned amid rising global tensions, pushing prices up over $100. If $2600 holds, focus will shift to the $2700 resistance.
Crude Oil – 20.11.2024 holds above support, with potential for further gains if it remains intact. A break below could lead to declines.
USD/JPY trades within an uptrend channel. A break above resistance could lead to gains, while a drop below support may trigger a pullback.
Dow Jones – 20.11.2024 held above support, meeting targets. A rebound is possible if support holds; a break below could lead to more declines
EUR/USD – 20.11.2024 tested resistance before dropping. If support holds, a rebound is possible; a break below could lead to further declines
GBP/USD – 20.11.2024 remains above key support, allowing for potential gains. A break below support could lead to further declines.
Gold – 20.11.2024 reached its target and faces resistance. A pullback is likely if prices stay below resistance; a breakout could push higher
20.11.2024
The UK CPI data and Bailey's comments may cause volatility in the pound as markets evaluate whether the BOE will maintain or cut rates.
EURUSD faces pressure as dollar targets new lows, Japanese yen (JPY) recovers, and NASDAQ faces correction after hitting record highs.
19.11.2024
USDCAD climbs as bullish momentum prevails, crude WTI tests key support levels, and UK100 seeks recovery amid improved economic sentiment.
USD/JPY – 18.11.2024 tests intraday support, with potential for further gains if support holds. A drop below support could signal a correction.
Global Flash PMIs take center stage as markets navigate economic uncertainty, potential rate cuts, and shifting forex trends.
The recent Gold correction from $2500 suggests a challenge for gold to break past $2600, with the dollar's strength still in play.
GBP/USD – 18.11.2024 tests support and may see a rebound if it holds above a key level. A break below suggests further downside risks.
EUR/USD – 18.11.2024: remains below resistance, with a rebound possible if support holds; otherwise, further declines are likely.
Dow Jones – 18.11.2024: struggles below resistance; a rebound is possible if support holds, while a drop suggests more downside.
Crude oil tests support with a chance for a rebound if prices hold above key levels. A drop below could lead to further declines.
Gold – 18.11.2024: falls below key support; a rebound is possible if prices stay above support, with further declines expected if it drops lower.
18.11.2024
Explore intraday market insights as the gold price fall persists, GBP/USD breaks support, and AUD/USD stays under pressure.
16.11.2024
Crude oil rebounds after testing support. As long as the market holds above key levels, a further recovery is likely; below support could lead to additional declines.
EUR/USD struggles as ECB rate cuts and looming Tariffs risks weigh on the Euro, with the potential for a return to parity with the US dollar.
Dow Jones struggles below resistance, with further downside expected if prices remain weak. A break above resistance could signal a recovery and further gains
USD/JPY breaks resistance, signaling potential for more upside. Holding above support could drive further gains, while a drop below may lead to a correction.
EUR/USD continues to drop, facing key support. it holds above support, a rebound may occur, otherwise, further declines are expected.
Gold drops below support and continues its decline. If it holds above key daily support, a rebound may form; otherwise, further losses are anticipated
GBP/USD approaches support, potentially setting the stage for a rebound. A move above support could lead to further advances, while below suggests more downside.
The Week Ahead: EUR/USD approaches parity, UK Oil prices face pressure amid growth concerns, and SPX500 struggles at record highs.
15.11.2024
USD rally dominates intraday analysis with USDCHF testing resistance, The NZDUSD struggling near lows, and US 30 stabilizing around 44000.
Japan's GDP slowdown and BOJ strategy are under watch as the USDJPY rises, with potential rate hike implications depending on data outcomes.
14.11.2024
EURGBP rebounds on weak UK data, CADJPY eyes new highs with bullish momentum, and DAX40 index declines as bearish sentiment prevails.
Gold – 13.11.2024 holds above a key level, forming a triangle pattern. If support holds, a rebound toward resistance is possible; a drop could test lower levels.
Crude Oil – 13.11.2024: approaches support, with a potential rebound if it holds. Below support, prices may see further declines.
Trump Tariffs are driving dollar strength, but economic risks, stock overvaluation, and recession concerns could impact long-term trends.
Dow Jones broke support, suggesting more downside potential. If resistance holds, further declines are likely, while a break above may resume gains.
EUR/USD tests support, with a potential correction if it holds. A further drop could be expected if prices fall below support.
Bitcoin jumping over 30% since Election Day, nearing the $100k level, while gold corrects below $2600 amid market shifts.
Gold declines as the Dollar strengthens, with expectations of Fed rate cuts by year-end influencing Gold and Dollar trends.
GBP/USD faces resistance after a recent drop. If resistance holds, more declines are likely, while a break above may lead to further gains.