Orbex - Forex Trading Library

USDJPY managed to head for rebound correction where market tested 111.50 last week Market showing ability for this uptrend wave to sustain where Intraday Levels showing first support at 110.80 where as long as market holding above more…
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British Pound also managed to hea for some rebound correction where mrket facing resistance zone around 1.2960 As we see over the chart market may have a chance for trading zone between 1.2960 resistance and support 1.2700-30 Above…
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Euro managed to hold support 1.1300 where managed to head for rebound correction toward 1.1500-30 as we advised 2 weeks ago Market managed to broke above 1.1530 where market managed to add moe extention toward 1.1620-50 as we advised on…
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Daily Forex Market Preview, 27/08/2018 The U.S. dollar index was seen giving back the gains on Friday, following the speech by the Fed chair Jerome Powell at the annual Jackson Hole Symposium. The dollar index fully gave up the gains…
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Technical Dow Jones (US30) – Evening star formation warns of deeper correction Weekly:  Posted a Bearish Outside Week (week 29th January) and the market has failed to recover to here despite new all-time highs being posted in…
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Daily Forex Market Preview, 24/08/2018 The U.S. dollar was seen recovering from the losses on Thursday. The reversal came following the release of the FOMC meeting minutes. Economic data on the day showed that the ECB officials were…
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Daily Forex Market Preview, 23/08/2018 The U.S. dollar was trading flat on Wednesday. Economic data was most limited. The Fed released its monthly meeting minutes. The minutes showed that officials were concerned about the impact of trade…
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A five wave pattern (Elliott Wave) looks to have completed close to the 261.8% extension level of 1.2904 (from 1.2662-1.2754) The move higher has been impulsive. This normally suggests that downward moves will be mixed and volatile…
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Economic data from the UK last week covered the unemployment, inflation and retail sales. Data showed that the UK's unemployment rate fell to a 43 year low of 4.0%. However, wage growth remained sluggish. Meantime, inflation was seen…
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Technical USDJPY – Bullish Morning Star formation dominates Monthly: The long-term outlook is for higher levels with the pair posting a potential bullish reverse Head and Shoulders formation. A break of 126.70 (neckline) is needed to…
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