Orbex - Forex Trading Library

We still holding the Short-run bearish outlook as we advised 2 weeks ago Market now facing resistance 71.65 and 72.20 where as long as market holding below one of those resistances another drop wave may hit the market toward 64.00-50…
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As we advised last week and as we see over our previous chart USDJPY managed to head for fast drop movement as market kept trades below 113.30-70 which this drop was driven by Donald Trump tweet about rate hike Market managed to test…
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As we advised early this week and as we see over our previous chart British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone Intraday Levels showing…
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As we advised early this week and as we see over our previous chart the chance for more trading zone between 1.1600 and 1.1750 overshadow the market with low trading volume ahead of Fed & FOMC Above 1.1750 more advance toward…
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Price action looks to be forming a bearish Head and Shoulders pattern. A break of support at 0.9868 and the measured move target is 0.9670. We look to sell into rallies.
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Daily Forex Market Preview, 01/08/2018 The markets were busy with lots of economic data on the tap. In the Eurozone, the flash inflation estimates showed that headline consumer prices increased 2.1% on the year ending June. This was above…
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The month of July was seen to be relatively quiet. With most of the central banks announcing major decisions in June, the markets were seen trading off the broader themes. The U.S. trade wars continue with threats from the U.S.…
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Social media has infiltrated the finance world with many traders now taking to Instagram to share information and insights. Instagram, with its huge visual appeal, provides a good medium to explain complicated chart analyses and updates of…
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Although the cross has reached the 261.8% extension level of 1.2958 (from 1.3855-1.3513) there is no clear indication that the selloff is coming to an end. Levels above 1.3400 continue to attract sellers. A rejection of rallies (close to…
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Daily Forex Market Preview, 31/07/2018 On the economic front, the preliminary inflation report for Germany showed that consumer prices rose 0.3% on the month. This was slightly below the median estimates of a 0.4% but inflation accelerated…
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