Orbex - Forex Trading Library

As we advised early this week, Euro sustain uder drop pressure where market managed to hit 1.1980 low yesterday Our view still the same toward target 1.1900-20 zone Intraday showing main resistance at 1.2050-70 zone where as long as…
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This week we are looking at the FX pair EURUSD. In this trade idea from PIA-First, we examine selling the EURUSD. In light of the Fed Interest Rate decision today and the monetary policy meeting, we will also have a look at the Dollar…
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Broken the channel to the downside. With Demark posting a correction 9 count, there is scope for a mild recovery. Bespoke resistance is seen at 1.2090. With a stop placed above the previous swing low of 1.2158 (was support, now resistance)…
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Daily Forex Market Preview, 02/05/2018 The U.S. dollar was seen maintaining the bullish momentum on the day. European markets were closed on account of the 1st May bank holiday. Economic data showed that the UK’s manufacturing PMI was…
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Daily Forex Market Preview, 02/05/2018 The U.S. dollar was seen maintaining the bullish momentum on the day. European markets were closed on account of the 1st May bank holiday. Economic data showed that the UK’s manufacturing PMI was…
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Daily Forex Market Preview, 02/05/2018 The U.S. dollar was seen maintaining the bullish momentum on the day. European markets were closed on account of the 1st May bank holiday. Economic data showed that the UK’s manufacturing PMI was…
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The UK's preliminary report on the first quarter GDP showed that the economy expanded at one of the weakest pace since 2012 in the first three months of the year. The data released by the UK's Office for National Statistics (ONS) showed…
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Technical Monthly: A reverse head & shoulders formation has been confirmed and price action is strong. The measured move target is near $85.00. The 50% fib retracement is currently capping the upward move. …
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Stalls at the intraday 261.8% extension of 1.2882 (from 1.2527 – 1.2657). Although we have seen a correction lower, we look for this move to be mild and temporary. Channel support is seen at 1.2792. With bespoke support at 1.2790, this is…
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In this episode of Surfing the Waves, USD Bearish View - Corrective Patterns & Analysis Update, Richard uses technical analysis to point out patterns possibly ending or changing trends, resulting in the probability of a softer USD.…
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