Orbex - Forex Trading Library

Signals for sentiment are now at oversold extremes. With a 261.8% extension level located at 1.3176, we look for further losses to be limited. Preferred trade is to buy into dips.
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The latest flash PMI estimates covering manufacturing and services sectors released by Markit last week showed that the level of activity hit the lowest in a year. The flash data covers the month of May and underlined the fact that the…
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In order to maximise gains and reduce losses, traders typically turn to fundamental, technical and sentiment analysis. While fundamental analysis tells traders about intrinsic market values, technical analysis relies on past performance of…
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In this short video we look at the CCI - Commodity channel Index! This MT4 indicator is used to analyse if the market is currently overbought or oversold. Originally developed by Donald Lambert, its use was initially applied to…
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In 2015, a major trading firm listed on the NYSE did a study of its clients’ trading habits over the prior semester. They collected data on the frequency of successful trades and the total amount of money the traders ultimately…
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Strong selling pressure yesterday has left a bearish Marabuzo level at 1.2954 (mid-point from open a close). Bespoke resistance is located at 1.2936. Selling within this zone offers reasonable risk/reward for a deeper correction lower. An…
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A move higher form current level and we possibly form a bearish Head and Shoulders (right shoulder still to form). We have bespoke resistance at 1.1994, trend line resistance at 1.2024 and the 50% pullback level at 1.2034 (from…
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Daily Forex Market Preview, 31/05/2018 The U.S. dollar was seen easing back from its strong patch of gains on Wednesday. The softer USD was attributed to the revised GDP estimates for the first quarter. Data showed that the U.S. economy…
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The Federal Reserve released the May FOMC minutes last week. The minutes were released with the usual delay of three weeks after the monetary policy meeting. According to the meeting minutes, officials had earlier this month suggested that…
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NFP is approaching, and with it, high volatility is most probably going to occur. Technical Patterns and Fundamentals seem to be lining-up or synchronizing for a rather big move. With the ADP Non-Farm Employment Change and the…
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