Orbex - Forex Trading Library

Weekly Forex Wrap Up: February 2nd to February 6th The week was marked by a weaker Dollar and a rising Euro and the British Pound, quite a stark contrast to the prevailing down trend seen for the past few quarters. If anything, this week…
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Dow Jones: 17800 Equity on trading zone Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before as long as market holding trades below 18100 will expect some drop…
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GOLD 1264 Gold on demand as haven market jumped into haven Gold after SNB announced last week the ending of exchange rate cap with Euro which placed demand for haven over short-run while European finance ministers agreed to work…
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Oil (H5) 52.25 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 117.35 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market showing ability to sustain the drop correction , where as long as market holding…
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GBP/USD: 1.5330 Pound under drop pressure market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target as long as market…
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EUR/USD 1.1440 Euro tumbled after ُECB Draghi announced bigger QE Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro market managed to rebound this week as…
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EURUSD pair has been ranging within 200 pips zone for the last three days. The situation in Greece and statements coming from the ECB president Mario Draghi, which warns Greece that Troika no longer accepts bonds as collateral for central…
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Gold Futures – Technical Update Gold futures managed to keep its short term bullish rally albeit some signs of fading momentum. Price action failed to rally towards the inverted head and shoulders pattern's objective price target of…
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Cultivate a successful forex trading mentor Successful forex trading requires education and skill, and one of the well established ways to cultivate your knowledge about the forex market and obtain professional feedback from an expert…
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