Orbex - Forex Trading Library

As we anticipated last week and early this week: EURUSD is still holding the downtrend wave where it met the first target 1.1730 and is still awaiting the second target towards 1.1660. The market is looking today at the FOMC Meeting…
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XAUUSD intra-day analysis XAUUSD (1280.61): Gold prices continue to consolidate with the attempt to retest the 1285 resistance level failing. Gold prices remain caught within the range of 1285 and 1274 levels as a result. In the near…
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USDJPY intra-day analysis USDJPY (112.17): The USDJPY was seen giving up the gains following the minor bounce on Monday. Price action is likely to retest the previous lows which was formed near the support level of 112.04 - 111.74…
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Daily Forex Market Preview, 22/11/2017 The U.S. dollar was seen trading mixed as the dollar weakened against the yen and the price action against the euro was subdued. On the economic front, data was also limited. The Fed Chair, Janet…
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Technical chart patterns are one of the easiest ways to get started with technical analysis of the financial markets. The fact that the chart patterns are divided into either continuation or reversal patterns makes it easy to distinguish…
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German coalition continues talks following the walk out by the Free Democratic Party. Going forward, Merkel can continue to try and form a coalition with the left-of-centre Social Democrats. Alternatively she can lead the nation via a…
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XAUUSD (1279.73): Gold prices gave up the gains following the fake break out above 1285 level. Price action failed to hold on the gains as the resistance level of 1285 failed as support. The decline to 1274.70 region puts gold prices back…
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USDJPY (112.55): USDJPY attempted to post a pullback following the declines from Friday. This came amid a bounce off the support level seen at 112.04. USDJPY is expected to remain range bound within the 113.00 and 112.04 levels of…
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Daily Forex Market Preview, 21/11/2017 The euro turned weaker on Monday's open after late Sunday coalition talks between Merkel's CSU/CDU and other parties broke down. The uncertainty led to the possibility of snap elections which…
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The latest monthly inflation figures from the United States rose gradually, cementing expectations of a Fed rate hike this December. According to official data, consumer prices continued to rise in October at a rate of 0.1% on a monthly…
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