2018

The U.S. dollar was seen trading volatile on the day as the results poured in through the early trading hours of the European session. With the Democrats claiming a majority in the U.S. House while the Republicans are retaining a majority…
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Mixed trading has formed an Ending Wedge pattern. A break of support at 113.15 and the measured move is 111.40. To the upside, we have a Fibonacci confluence area at 113.90. There is scope for a mild rally, but gains should be limited
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The Bank of Japan held its monetary policy meeting last week on Wednesday. As widely expected, the central bank held its monetary policy and QE unchanged. Speaking at the press conference, the BoJ Governor Kuroda cautioned the risks of…
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We are kicking off a new Orbex trademark educational category, Orbex 360°. The charts will display a 360 panoramic view on a currency pair or any other financial instrument.  Our market analyst, Richard Tataru, and other market experts will…
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If you've read the previous articles of the How to Set Up Your Own Indicator series, you'll know how indicators work, and specifically that they target patterns. Patterns offer a certain amount of predictability, and that leads us to have…
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GBPUSD – Buying dips as prices correct higher Weekly: Moving higher in a corrective formation. A double bottom looks to be forming, although this requires a break of 1.3258 for confirmation. More solid resistance comes in at the…
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The markets were seen trading subdued ahead of the NY trading session as polling for the mid-term elections was underway. Reports indicate that the Democrats are back in control of the House while the Republicans have maintained control…
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The recent GDP numbers from Canada showed that the nation’s gross domestic product expanded for a seventh consecutive month in August. This marked the longest stretch of economic expansion in more than a year. Despite the increase in the…
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USDCHF or USD/CHF is shorthand for the pair of currencies comprised of the United States Dollar and the Swiss Franc (the symbol comes from the official name of the country: Confoederatio Helvetica, plus Franc). Traders often call this pair…
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