Technical Analysis

In the long term, BABA is forming a bearish trend, or rather a triple cycle zigzag. The current chart of the 1H timeframe shows the final part of the second intervening wave x. At the moment, we are seeing the formation of the final…
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GBPUSD tests support The US dollar retreated after May’s services PMI came in short of expectations. The pair came under pressure at a 12-month high of 1.2670 then a series of lower lows led recent buyers to leave the market, leaving a…
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AUDUSD slips over growth worries The Australian dollar tanks as soft Chinese data reduces risk appetite. Sluggish commodity markets due to growing concerns about China’s demand weigh on overall sentiment. A slump in prices of iron…
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In the long term, the dollar index forms a triple zigzag pattern consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the moment, the sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ look complete. The second intervening wave Ⓧ is a standard zigzag. Most likely, the…
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Don’t miss your chance to attend another Orbex Trading Masterclass webinar: “Using Price Patterns in Trading” with leading industry expert and seasoned market analyst David Kindley.   Do you want to learn how to identify and trade price…
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NZDUSD attempts to rebound The US dollar slips as rising claims for unemployment benefits suggest a looser job market. After breaking below the daily demand zone around 0.6110, the kiwi has been struggling to find buyers. The…
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