Orbex - Forex Trading Library

Crude Oil managed to fell below support 72.00-20 where market managed to head to test second support 70.00 before rebound correction hit the market as we explained earlier Market now facing trading zone between 70.00 support and 72.00-20…
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USDJPY managed to break above Short-Run resistance 111.40 yesterday which trigger fast advanced on market we still looking toward our second scenario after the break where target around 113.30-70 zone The pair beeing on the overbought…
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GBPUSD also showing weak signals with market print below 1.3190 moment ago As long as market holding trades below resistance 1.3225-35 more drop to test 1.3100-10 zone is expected which may provide some rebound correction Below 1.3100…
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EURUSD failed to hold support 1.1670-90 while Intraday levels showing continues drop pressure Market facing 1.1695 and 1.1740 as resistance while market support laying at 1.1575-85 zone Above 1.1740 market will face 1.1790 and…
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When it comes to Forex trading it is essential to maximize profits and limit losses in any way possible. One of the best ways to do this is to have a carefully thought out trading strategy and to stay disciplined throughout the trading day.…
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There is a "trick" of risk analysis that is used in investment evaluation that you might find really useful in your trading - especially when you are thinking of closing out a position. Let's think of each trade you make as an…
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Mixed results for the 61 trading days. This has resulted in an Ending Wedge pattern being posted on the daily chart. Trend line support is located at 0.8762. The measured move target is 0.8621. Levels above 0.8880 continue to find sellers.
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Daily Forex Market Preview, 12/07/2018 The markets were seen trading in a modest risk off mode on Wednesday. This came after the U.S. administration threatened China with a fresh set of tariffs. The ongoing NATO summit in Brussels was also…
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The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the…
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We have broken the Ending Wedge formation to the upside. Reverse trend line support is located at 1.3095. The measured move target for the wedge is 1.3440. Bespoke resistance is located at 1.3440
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