Orbex - Forex Trading Library

A classic reverse head & shoulder pattern looks to be forming. With bespoke support located at 26410 we look for further losses to be limited. On a break of 27300 the measured move target is 29110
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The UK was in the forefront last week as both economic data and Brexit related headlines dominated the news. The week started off with the Brexit parliamentary vote. Heading into the vote, there were strong expectations that the UK…
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According to the economic schedule, we are supposed to get the release of key housing data tomorrow, including housing starts, building permits and existing home sales. However, we will only be getting the last of those, because of the…
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The U.S. Dollar posted strong gains on the day on news that China had proposed a 6-year increase of U.S. goods imports as part of the trade talks. Economic data from the U.S. was relatively quiet. The industrial production figures showed a…
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Mixed trading for the last 84 days has resulted in an Expending Wedge formation being posted on the daily chart. This has an eventual bias to break to the upside. He measured move target on a break of 1.3000 is 1.3300. We look to buy dips
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The economic calendar for the week ahead sees the Bank of Japan and the European Central bank taking center stage. Some economic releases across various economies are also on the cards, making it a somewhat busy week. The Bank of Japan…
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