Orbex - Forex Trading Library

No clear indication that the correction has come to an end. Previous swing low is located at 0.7085. Trend line support, and a possible right shoulder for a bullish reverse Head and Shoulders pattern, is located at 0.7066. Buying within…
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The European Union, in its latest report released last week on Thursday, said that it expects the economy to cool over 2018 and in the coming years. The slowdown was attributed due to a decline in global demand. The EU also said that a…
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So far in this series, we've talked about how indicators basically work by identifying patterns. They do this by focusing on relationships between certain data points, and they are represented in the form of graphs to make patterns easier…
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The U.S. dollar managed to maintain its dominance closing the week with gains. However, performance was rather mixed with the Kiwi dollar posting the strongest gains. The UK's quarterly GDP report showed that the economy advanced 0.6% on…
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The UK’s economy was seen expanding in the third quarter, posting the fastest pace of increase in nearly two years. The expansion in the economy was surprising as the UK’s gross domestic product outperformed quite a few countries in the…
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On the surface, trading may seem a little ‘straight-laced.’ Sure there are intricacies to following the volatile markets, but with a host of strange trading theories lingering around things are perhaps not as ‘normal’ or ‘ordinary’ as they…
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In the previous entry in this series, we talked about the two different outlooks when it comes to setting up your trading system. Whether you are going to be a contrarian trader, or whether you're going to go with the flow. As mentioned,…
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The U.S. dollar was seen edging higher on Thursday. On the economic front, data included the German trade balance which rose 17.6 billion. This was smaller than the forecasts of 18.2 billion. The European Commission released its economic…
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