Orbex - Forex Trading Library

Oil 33.05 As we see over the chart market managed to fell below support line of the falling wedge where managed to hit below support 33.60 short-run showing resistance at 34.25-55 zone where as long as market holding below this…
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USD/JPY 117.70 As market managed to fell below support level of the uptrend channel market facing more drop pressure to sustain movement to test 117.00-25 zone as long as market holding trades below 120.65 the downtrend pressure…
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GBP/USD 1.4655 British Bound managed this week to retreat from first resistance 1.4815 where managed to hold the downtrend movement market so far build resistance at 1.4680 and 1.4725 where as long as market holding below 1.4725…
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EUR/USD 1.0850 Market jump into EURO as safe haven demand after China halt trading for second time this week as we see over the chart market established downtrend channel where market looking to test 1.0905-30 resistance zone…
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The EURGBP or the Chunnel has seen a wild ride in 2015. The Euro initially declined against a fundamentally stronger British Pound back when speculation mounted that the ECB would do more at its December policy meeting. However, falling…
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The FOMC meeting minutes released yesterday from the Fed's December meeting showed that while almost all members were on board for a 25bps rate hike, it was a close call for some Fed members who were still concerned about core inflation…
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Crude Oil caught between oversupply and geopolitics Crude Oil prices are poised to close the week on a bearish note despite a short-lived bounce early on Monday on account of the diplomatic rift between Iran and Saudi Arabia. WTI Crude Oil…
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Risk aversion hits markets. Yen strengthens on geopolitical tensions and China Australia AIG services Index 46.3 v. 48.2 previously China Caixin services PMI 50.2 vs. 52.3 Spain services PMI 55.1 vs. 56.9 Italy services PMI…
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Forex price action; a rather broad term representing an aspect of technical analysis and yet means different things to different traders. For some, forex price action can be quite a complex while, for the rest, forex price action is as…
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Dow Jones 16860 Market managed to head to test support zone 16850 after breaking below 17000 as advised this week market facing support zone at 16790-16850 where below this zone market may open new downtrend wave which may target…
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