Orbex - Forex Trading Library

Strong selling pressure on Friday has resulted in Marabuzo resistance being located at 151.14. Bespoke resistance is located at 151.50
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The economic calendar for the week ahead is expected to push ahead with full steam. With the start of a new trading month, a number of economic releases are expected over the week. Among the number of economic releases, the May Fed and RBA…
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With the previous swing low seen at 132.04 and bespoke support at 132.15, we would not look to sell at current level. A correction from this support is likely to be limited and potentially form a bearish Head and Shoulders formation. We…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Looks to be forming an Ending Wedge. Plenty of scope for movement within the pattern before a breakout. Current trend line support seen at 1.9300. A clear break there and the immediate target is 1.8905
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Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger…
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The U.S. dollar was seen maintaining the gains yesterday. Economic data was mostly quiet over the week. The U.S. crude oil inventories report showed a 2.2 million barrels per day increase beating forecasts of 1.6 million draw down seen from…
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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 1.2781. With bespoke support at 1.2785, this is…
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