Orbex - Forex Trading Library

USDJPY managed to jump above resistance 111.10 for the Intraday trading Levels which may provide more advance toward 112.00-15 zone as long as support 110.70 stand as we see over the chart A tight trading zone may hold market between…
Read More

British pound managed almost to test resistance zone 1.2830-50 yesterday where market managed to add more drop pressure toward moe drop Market managed to hit 1.2690 where Intrdaya Signals start to show ability for some rebound correction…
Read More

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…
Read More

Price action looks to have completed a bullish 5-wave (Elliott Wave) formation. Trend of higher lows is located at 0.8815
Read More

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…
Read More

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…
Read More

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
Read More

“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…
Read More

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
Read More

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…
Read More