2022

USDCAD finds strong support The US dollar recovered after the Fed cautioned that rates could go higher than expectations. The rally has come to a halt in May 2020’s consolidation area. A combination of  profit-taking and fresh selling…
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There is a pretty firm consensus that the BOE will hike by another 75bps. But, given recent events in the markets, many analysts are hedging their bets a bit. Particularly when it comes to the vote, which in many cases has more of an impact…
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The USDJPY chart shows the formation of a global impulse trend, which consists of cycle waves. In recent months, we have seen the price creeping up in the final cycle wave V. Wave V takes the form of a 5-wave impulse of the primary…
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USDJPY seeks to recover The US dollar consolidates over growing expectations of a slower pace of tightening by the Fed. On the daily chart, the greenback is above the 30-day moving average and may continue to attract trend followers.…
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The Fed is meeting today and tomorrow to decide what to do with monetary policy. The pretty broad consensus now is that the FOMC will decide to raise rates by another 75bps, bringing the policy target up to 4.0%. That would be the highest…
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The structure of the GBPUSD pair suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. Wave z takes the form of a primary triple zigzag…
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EURUSD falls back The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this symbolic level. The…
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Don’t miss your chance to join our live webinar “Using Orbex Trading Tools” on Monday, November 14, 2022.  Learn how you can use Orbex’s exclusive trading tools to help you identify market opportunities by joining this live webinar with…
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