Orbex - Forex Trading Library

Daily Forex Market Preview, 20/08/2018 The U.S. dollar was seen easing back from the strong gains made earlier in the week. By Friday's close, the U.S. dollar index was seen giving up the gains and closed near 95.99. Economic data…
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Economic data for the week ahead take a backseat with no major releases scheduled. Against this backdrop, investors are likely to remain cautious with the ongoing uncertainty regarding the U.S. sanctions, trade tariffs, and President…
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Daily Forex Market Preview, 17/08/2018 Australia's wage report showed that the unemployment rate fell 5.3% in July. The decline came on a slight decrease in the participation rate. Data showed that the economy lost a net 3.9k jobs. This…
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Bespoke resistance is located at 1.2745. With this are likely to complete the first bullish Elliott Wave count (5), we would then look for a correction to the downside. A projected channel base can be seen a 1.2675. We look to by dips for a…
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Daily Forex Market Preview, 16/08/2018 The U.S. dollar was seen trading a bit subdued on Wednesday. However, price action was seen staying firm for the most part. Economic data over the day saw the Australia wage price index. For the…
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Crude Oil – Looking for an extended correction (WTI) US Oil Monthly: Trading close to the bottom of a bullish channel formation. Trend line support is located at 64.00 with previous swing low at 63.57. Bearish dark cloud candle…
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OPEC reports lower production from Saudi Arabia Th USA imposes fresh sanctions on Iran, threatens nations still trading with Iran Weekly crude oil inventories report a build up EIA revises down U.S. oil production for 2018…
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As we see over our previous chart and as we advised in the last 2 weeks Dow managed to break above 25250 which activated another advance wave as we advised before where managed to hit first target 25400 while still looking toward second…
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Gold remains in a downtrend after breaking below 1236, with key resistance at 1245; holding below this level points to a drop toward 1100 Support Resistance Level 1 1180 1190 Level 2 1172 1205 Level 3 1146…
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crude Oil managed to sustain drop pressure after tested resistance 69.90 as we advised early this week Intraday Levels showing support around 65.70 if managed to hold market another rebound is expected before drop pressure back again…
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