Orbex - Forex Trading Library

As we advised early this week and as we see over our previous chart GBPUSD managed to sustain drop movement where managed today to close from support 1.3460 As market holding above this level another advance wave toward 1.3585 and…
Read More

As we see over the chart Euro may be able to sustain the current trading zone between 1.1915 support and 1.2050-70 resistance before market head for farther drop toward 1.1860 Below 1.1915 market may sustain drop to test 1.1860 before…
Read More

NZDUSD intra-day analysis NZDUSD (0.7185): The New Zealand dollar was broadly unmoved as the Kiwi maintained gains against the U.S. dollar. However, on the daily charts, price action closed with a strong outside bar and a possible…
Read More

Daily Forex Market Preview, 11/01/2018 The Japanese yen continued to strengthen significantly across the board and investors digested news about the potential tapering. On Tuesday, BoJ announced that it would reduce its bond purchases on…
Read More

USDJPY intra-day analysis USDJPY (111.76): The USDJPY broke down strongly towards the downside from the triangle pattern on the daily chart. Price action is likely to eventually test lower at 110.70 which is pending a retest of support.…
Read More

The weekly high and low breakout trading strategy is one of the simplest and easy to understand. When combined with other elements, such as price action and the overall trend of the market, traders will be able to trade at ease without…
Read More

NZDUSD intra-day analysis NZDUSD (0.7170): The New Zealand dollar was seen holding on to the gains with price briefly testing the support established at 0.7160. Price action has remained flat above this level and comes at a risk of a…
Read More

USDJPY intra-day analysis USDJPY (112.31): The USDJPY also extended losses yesterday with price action falling close to the 112.04 level of support. Currently, we notice a rebound in prices but, the bearish momentum is likely to see…
Read More

Daily Forex Market Preview, 10/01/2018 The U.S. dollar was seen extending it’s gains from the previous day. The lack of economic data on the day saw the markets focusing on rumors that the Bank of Japan could be reducing its bond…
Read More

Last week IHS Markit released the monthly UK PMI's covering the manufacturing, construction and services sector for the month of December. According to the report, the Purchase Manager's Index surveys showed that, despite the ongoing…
Read More