Orbex - Forex Trading Library

As we covered last week and as we can see from our previous chart: Crude oil managed to break above the resistance level of 62.60, where the market may have the chance to sustain it's advances as the next resistance level lies at…
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USDJPY managed early today to break below the support leverl of 110.80 which, may activate a new downtrend wave as we discussed last week. The market is facing first resistance points at 111.05-10 where, as long as the market holds…
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The British pound managed to sustain an advance toward the target of 1.3640-60. As explained last week, while the market managed to break above the resistance level of 1.3705 which activated more movement towards the second target of…
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Euro managed to sustain it's advances at the start of this week, where the market managed to hit it's target of 1.2220 and broke above this level. Intraday levels showing support at 1.2240 and 1.2180 where, as long as the market holds…
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Daily Forex Market Preview, 15/01/2018 The U.S. dollar plunged to a three year low on Friday as investors flocked to the euro amid rising optimism of accelerated growth. The U.S. dollar index closed last week at 90.60. The declines came…
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USDJPY intra-day analysis USDJPY (110.67): The USDJPY closed at a two-month low on Friday at 111.01. The declines extended for four consecutive days following the Bank of Japan's announcement on its longer date bonds. The price action is…
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NZDUSD intra-day analysis NZDUSD (0.7274): The NZDUSD maintained strong gains last week as price closed at a four month high of 0.7259. However, the doji close on Friday could indicate some profit taking resulting in a short term…
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Investors will be looking at another slow week ahead. The Bank of Canada's monetary policy meeting stands out. The markets are currently expecting the BoC to announce an interest rate hike this week. However, there is an equal chance that…
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As of the 3rd of January, MIFID II has set out to change the way retail investment firms operate. Guess what… it affects all of us. The Global Financial Crisis has created a global epidemic of trust issues sweeping the industry, so tighter…
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When you made your 2017 New Year’s resolutions, Bitcoin was worth about $1,000, and just after making the next set of resolutions, the cryptocurrency had zoomed past the $15,000 mark! I am almost scared to blink now, for fear that I might…
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