Orbex - Forex Trading Library

We are possibly forming a bearish Head and Shoulders pattern. A break of the neckline at 107.95 will confirm the next drive lower. However, we have bespoke resistance at 110.03. With the 61.8% pullback level is close proximity, (110.14)…
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The unemployment report for the month of May released the U.S. Department of Labor on Friday last week showed that the labor market activity surged strongly across all fronts with higher pace of job gains, lower unemployment rate and a…
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Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week!
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Daily Forex Market Preview, 04/06/2018 The U.S. dollar was seen easing back towards Friday's close after a solid performance during the week. The monthly payroll figures showed that the U.S. economy added 223,000 jobs during the month of…
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Trend line support is seen at 0.8674. A move higher from this level (0.8674) and an AB=CD formation is seen close to the 78.6% pullback level of 0.8893. Although this is a corrective formation., buying into dips offer ample risk/reward.
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After a rather volatile week, especially since Wednesday and the continued narrative of the Italian political crisis, the week ahead will see investors turning their attention back to the fundamentals. The U.S. dollar takes a back seat this…
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Italy will present a new government on Friday based on an unlikely marriage between the left-wing protest 5-Star Movement and the right-wing League. It’s a populist union that found common ground on immigration, taxes and the social safety…
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The Spanish Congress is expected today to vote on a no-confidence vote against current Prime Minister (President of the Government) Mariano Rajoy. The motion was presented by the leader of the Socialist Party (PSOE), who has managed to…
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Trend line resistance, and a possible right shoulder in a bearish Head and Shoulders formation, is located at 1.1733
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Daily Forex Market Preview, 01/06/2018 The U.S. dollar was seen trading flat on Thursday as investors prepared for Friday’s payrolls report. On the political front, the U.S. steel and aluminum tariffs go into effect from Friday. Canada,…
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