Orbex - Forex Trading Library

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 closing from support uptrend line around 110.50-60 which if managed to hold the…
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British pound also managed to resume drop last week where managed to test our support zone 1.2950-75 which drive for another rebound toward 1.3100-10 and avbove as we advised Pound managed to break 1.3110 resistance which may drive for…
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Euro managed to hold support trend for our old projection for a triangle trading pattern Euro managed to retreate this morninf from 1.1740-60 zone which still consider as resistance zone which may drive for another drop toward 1.1600…
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Monthly: A bullish ascending wedge has formed on the monthly chart. The pair remains in a bullish phase and we expect dips to continue being bought. The next major resistance is at 0.9306. Prices above that level look for a move towards the…
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Daily Forex Market Preview, 23/07/2018 The U.S. dollar was seen weakening on Friday after the U.S. President Trump commented about the currency's strength. Trump said that China and the EU, among other countries were manipulating their…
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The economic calendar for the week ahead will be dominated by the preliminary GDP report from the U.S. The ECB's monetary policy meeting is also likely to garner some attention amid a rather slow week. Australia will be reporting on its…
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Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. Weekly:  Forming a…
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Daily Forex Market Preview, 20/07/2018 The U.S. dollar was trading mixed on Thursday. After initially posting strong gains, the greenback eased towards the close of the day. Economic data showed that UK's retail sales fell 0.5% on the…
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Daily Forex Market Preview, 19/07/2018 Data from the UK saw the release of the inflation figures. Consumer prices in the UK were seen rising at a slower than expected pace of 2.4%. The median forecasts expected a print of 2.6%. Core…
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We are now trading at oversold extremes. 261.8% extension of the 1366-1303 move is located at 1201
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