Orbex - Forex Trading Library

We have a 261.8% extension level located at 1.1642. This is close to the previous swing low of 1.1651. From a medium-term perspective, this offers poor risk/reward. We look to sell into rallies
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Daily Forex Market Preview, 21/05/2018 The U.S. dollar continued to maintain gains on the day on Friday and marks a strong close to the week. The gains come amid higher bond yields and mounting expectations of a rate hike from the Fed in…
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The economic calendar for the week ahead is broadly limited to some key themes of Fed minutes and UK data. The FOMC meeting minutes will be coming out on Wednesday which is likely to remain in the spotlight. On the economic front, the UK…
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Mixed and volatile trading has resulted in an Expanding Wedge formation being posted on the 4-hour chart. Trend line support (lower lows) is located at 0.9916, just below bespoke support (0.9930). Buying dips offer reasonable risk against…
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Jim Rogers, famous for his witty and research-backed remarks about developments in the financial world, is considered one of the greatest traders of all time. He set up the Quantum Fund with another legendary trader, George Soros, in…
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Daily Forex Market Preview, 18/05/2018 The U.S. dollar was seen maintaining steady ground on Thursday. Economic data for the day saw the release of the weekly unemployment claims which rose higher than expected to 222k. The Philly Fed…
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As the April Canada unemployment rate remains steady, the Canadian economy was seen losing jobs in the month of April, with declines seen by a drop in the part-time workers. The weaker than expected data raised expectations that the Bank of…
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Despite all the attention commanded by the US dollar, its Canadian counterpart remains the strongest performing currency since the start of the month and the beginning of the quarter. Negotiations to save the North American Free Trade…
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The charts are showing, from a technical analysis standpoint with patterns at decisive levels, that the Dollar Index (DXY) could be heading towards significant levels. USD has been enjoying an impressive bullish rally for an entire…
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This week we are looking at the FX pair EURJPY! With a mild scope for a rally to the upside, we see an opportunity to get short with the EURJPY. Check out our weekly Trade Idea and tap into the market trend! Disclaimer: This…
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