Forex Trading Blog and Market Insights

What Can I use MT4 for in Forex Trading?

Daniel John Grady Nov 5, 2019 3,853 0

The short answer is: everything. Well, that might be a bit of an exaggeration, because "everything" includes pizza, and you can't make pizza with MT4. But there's a reason that MT4 is currently the most popular forex trading platform out…
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Technical Analysis

Risk Sentiment Rises as Trade Talks Progress

Orbex Nov 5, 2019 587 0

Risk sentiment rose in the markets amid news that the US-China trade talks were progressing faster than expected. The news came after US Commerce Secretary Wilbur Ross said that American companies would be granted licenses to sell to…
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Fundamental Analysis

ISM Non-Manufacturing PMI to Rebound in October

Orbex Nov 5, 2019 1,219 0

The monthly non-manufacturing PMI report from the Institute of Supply Management will be coming out today. According to economists, median estimates point to a modest increase in the index. Estimates show that the ISM…
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Technical Analysis

USDCHF: 5-Wave Impulse Could Complete Double Zig-Zag

Roman Onegin Nov 4, 2019 806 0

The current USDCHF formation on the 4-hour timeframe hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ-Ⓨ. The primary structure suggests that waves Ⓦ and Ⓧ are complete, whereas wave Ⓨ is under development and only on its…
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Fundamental Analysis

What Will RBA Do Now?

Daniel John Grady Nov 4, 2019 510 1

Tomorrow, the RBA gets together to decide whether to cut the cash rate or not. We've had a host of data since the last meeting, including important quarterly inflation data, that the bank will have to process. Then there is the latest…
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Fundamental Analysis

Weekly Market Outlook: RBA & BoE meetings

Orbex Nov 4, 2019 435 1

The economic calendar for the week ahead will continue with the RBA and the BoE holding their respective monetary policy meetings. Although no changes will be made, the monetary policy meetings stand out among a host of other things.…
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Technical Analysis

USD Falls as ISM Manufacturing in Contraction

Orbex Nov 4, 2019 595 1

The USD lost favor as the economic data on Friday saw a packed day. The ISM manufacturing PMI for October came in at 48.3, missing estimates of 49.0. This marks the third month of contraction in the manufacturing sector. The payrolls…
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Technical Analysis

EURUSD: 1.1205 Likely to Complete Primary Correction

Roman Onegin Nov 1, 2019 1,280 0

EURUSD seems to be forming a bullish zigzag ②, consisting of intermediate sub-waves (A)-(B)-(C). Waves (А) and (В) are completed. Wave (С) however is currently under construction. C waves usually complete the corrective move in a 5-wave…
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Orbex 360°

DOW JONES 360° – Successful Correction Looking Bullish

Stavros Tousios Nov 1, 2019 634 0

How to Identify Strong Reversal Levels

Daniel John Grady Nov 1, 2019 2,420 0

You might be surprised to find out how many ways there are to discover reversals. In fact, there is an entire forex trading style dedicated entirely to using reversals to get in and out of the market. So, let's go over the most…
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