Orbex - Forex Trading Library

As we advised early this week and as we see over our previous chart Euro managed to sustain drop where managed today to get close from support 1.1300 As long as market holding trades above 1.1290 another rebound correction may hit…
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Price action looks to have completed a bullish 5-wave (Elliott Wave) formation. Trend of higher lows is located at 0.8815
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Daily Forex Market Preview, 15/08/2018 The U.S. dollar maintained its dominance on Tuesday. Economic data showed China's industrial production rising 6.0% on the year. The data missed estimates of a 6.3% increase. Retail sales in China…
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China's National Bureau of Statistics released the consumer and factory inflation reports for July. The data showed that factory price inflation had cooled but was better than expected. The reports come amid a possible slowdown in the…
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Holding within a bullish Ending Wedge formation. Trend line support is located at 0.7235. A break of resistance at 0.7500 and the formation has a measured move target of 0.7800
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“Sell in May and Go Away” has been a trading strategy followed by many for years now. What has commonly been observed is that the months of July and August tend to be slow for not just the forex markets, but stocks as well. Even commodities…
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We have broken the channel formation to the downside. Reverse trend line resistance is located at 1.1488. Bespoke resistance at 1.1455. Selling into rallies offer good risk/reward
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Daily Forex Market Preview, 14/08/2018 The U.S. dollar index was seen trading flat on Monday with the technical pattern confirming a doji close. A bearish follow through from here on could signal a near-term correction. Economic data for…
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The European Central bank released its economic bulletin on Wednesday last week. In the note, the central bank claimed that private consumption in the Eurozone had further room to grow. The central bank sounded optimistic as it expects the…
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Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week!
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