Orbex - Forex Trading Library

NZDUSD intra-day analysis NZDUSD (0.7291): The New Zealand dollar followed a bullish engulfing pattern on the daily charts yesterday as price rallied to a 4-month high. NZDUSD closed at 0.7294. The strong breakout from the falling trend…
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USDJPY intra-day analysis USDJPY (110.92): The USDJPY fell to 110.70 levels where after a brief spell of consolidation, price action is looking to post a rebound. On the intraday charts, USDJPY is seen currently struggling near the…
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Daily Forex Market Preview, 16/01/2018 The U.S. dollar opened on Monday on a weak note as the currency index was seen trading near the 90.17 handle. The declines in the USD led to a strong rally among its peers amid the U.S. holiday. The…
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Consumer price index data for the month of December will be the major data point coming out of the UK next week. However, consumer prices in the United Kingdom are expected to remain elevated above 3.0% for possibly the fourth consecutive…
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Now we are well and truly into 2018, Orbex would like to have a quick recap of the Most Popular Trades of 2017. The World Bank had projected a growth rate of 2.7% for the global economy at the start of 2017, while expressing concerns…
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Dow managed to maintain it's uptrend wave as we discussed last week. It managed to close and hit it's target of 25980 as we see from our previous chart. Short-Run indicates a resistance level at 25980 where, as long as the market holds…
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Gold managed to advance towards it's first target of 1335 as discussed last week. Above this zone indicates that more advancement towards 1350-55 is still expected. Zone 1350-55 may provide some drop correction with a trading zone…
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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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