Orbex - Forex Trading Library

Open any retail trader’s charting software, and you will find a chaotic web of hand-drawn, diagonal trendlines. A trader will connect two random wicks from Tuesday afternoon, extend the line to Friday, and convince themselves they have…
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In the 1980s, trading legend Richard Dennis conducted a famous experiment. He took a group of novices, dubbed them the "Turtles," and taught them a rudimentary trend-following system: buy the 20-day high, sell the 20-day low. It was highly…
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In the corporate world, when a million-dollar marketing campaign fails, a competent CEO doesn’t blindly throw twice as much money at it the very next day out of sheer anger. They accept the sunk cost, analyze the conversion data, and…
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EURUSD Awaits rate decision After last week’s high-impact news events, the euro succumbed to pressure and fell below 1.1500. With the Eurozone warning of higher inflation, officials warned of headwinds for the European economy, as this…
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As we see from the previous chart, the market is facing a resistance zone at 47215-450, where if the market holds below it, more of a drop will be expected with supports at 46300 and 45700. Above 47450 more advance will be…
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Gold managed to fall below the support of 4996 and managed to print a low around 4967. As we see from the Intraday chart, a chance for a trading zone between support 4960 and resistance 5065 could hold the market. …
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Crude Oil managed to print around 100 today closing from the target of 101.50. As we see from the Intraday chart, prices face support around 95.00, and if the market holds above it, more advance is still expected towards…
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USDJPY managed to print above 159.45 which could push a further advance as the market still faces resistances around 160.20 and 161.95, where each resistance could push for a drop towards the 157.25-65 zone. Above 161.95, the…
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GBPUSD met the target of 1.3250-70 and managed to add more of a drop last week. As we see from the Intraday chart, prices face a support trend around 1.3200, which could give the chance for a rebound towards 1.3460-80. Below…
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