Orbex - Forex Trading Library

As we advised yesterday and as we see over our previous chart British Pound failed to break above resistance 1.3820-40 which activated another drop correction wave that may target 1.3640-60 zone as we advised before From that zone…
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Euro managed to head towards a drop correction as the market edged into the overbought zone today. Early today EURUSD fell below the 1.2240 support. The market is now facing a support level at 1.2180 which, if the currency pair manages…
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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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