Orbex - Forex Trading Library

Although the cross has reached the 261.8% extension level of 1.2958 (from 1.3855-1.3513) there is no clear indication that the selloff is coming to an end. Levels above 1.3400 continue to attract sellers. A rejection of rallies (close to…
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Daily Forex Market Preview, 31/07/2018 On the economic front, the preliminary inflation report for Germany showed that consumer prices rose 0.3% on the month. This was slightly below the median estimates of a 0.4% but inflation accelerated…
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The Bank of England will be meeting this week for its monetary policy decision. According to the economists polled, the central bank is widely expected to hike rates by 25 basis points this Thursday. The overnight index swaps markets are…
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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 target 25800 Above 25820 this wave may continue toward our Old Short-Run…
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As we advised in the last 2 weeks and as we see over our previous chart Gold also managed to rebound aftre trumps tweet on rate hike where Gold managed to re-test resistance 1236-37 zone Short-Run outlook see main resistance at…
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We still holding the Short-run bearish outlook as we advised 2 weeks ago Market now facing resistance 71.65 and 72.20 where as long as market holding below one of those resistances another drop wave may hit the market toward 64.00-50…
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As we advised last week and as we see over our previous chart USDJPY managed to head for fast drop movement as market kept trades below 113.30-70 which this drop was driven by Donald Trump tweet about rate hike Market managed to test…
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British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone Intraday Levels showing resistance at 1.3160-80 where will expect from this zone another drop toward…
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Euro mnaged to test support zone 1.1600-20 last Friday where market managed again to hold this triangle trading zone As we see over the chart a chance for more trading zone between 1.1600 and 1.1750 is still expected Above 1.1750 more…
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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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