Orbex - Forex Trading Library

Mixed trading has resulted in an Ending Wedge formation being posted. A break of support at 108.90 and the measured move target is 106.80. Trend line resistance is located at 110.27. Bespoke resistance is located at 110.27. With…
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We could have some volatility in NZD pairs coming up on Wednesday at 20:45 CET (or 14:45 CET) with the release of a series of unemployment data out of New Zealand. If you aren't a regular tracker of kiwi economic data, this is sort of…
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We often see traders repeating the same mistakes over and over again, jeopardizing their long-term trading goals. Emotions can get in the way of sound decision-making. How do we set emotions aside and ensure objective trading moves are…
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Data from the Eurozone continued to disappoint. However, the final services PMI ticked higher, rising to 51.2 which beat estimates of an unchanged print at 50.8 from the month before. However, retail sales fell 1.6% on the month in…
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The latest monthly jobs report from the United States showed that the economy posted a steady pace of job growth during January. The data comes despite the U.S. government shutdown. Data from the U.S. Labor Department showed that the…
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Data from the Eurozone saw the release of the Sentix investor confidence. Data showed that investor confidence weakened for the sixth consecutive month. The investor confidence for the Euro area fell to -3.7 from -1.5 in January which was…
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Possibly forming a bearish Head and Shoulder pattern. A break of the neck line (0.9912) and the measured move target is 0.9825
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The first trading month of the year did not see any significant surprises. Brexit developments made the headlines after Prime Minister May’s Brexit deal did not get the vote. While PM May managed to survive a vote of no-confidence, the…
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