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Technical Analysis

Orbex: Surfing the Waves with Gregor Horvat: DXY, EURUSD, AUDUSD, USDCNH, USDJPY, DAX & More!

Gregor Horvat May 31, 2023 8 0

In today’s advanced ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FXMajors, and #Commodities and discover how he applies EW principles to come up with…
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Technical Analysis

GBPUSD: Bearish Correction (B) is half completed.

Roman Onegin May 31, 2023 12 0

It is assumed that the GBPUSD pair can build a corrective cycle wave IV. Perhaps this correction takes the form of a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final primary wave Ⓩ is under…
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Technical Analysis

Oil Hits $70 as Debt Ceiling Crisis Continues!

David Kindley May 31, 2023 8 0

WTI fell more than 4% yesterday as the US Debt Ceiling talks continued. Aside from the uncertainties around the markets, OPEC is set to meet in a few days to possibly discuss further cuts. With Oil now trading around $70, will we be…
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Technical Analysis

Intraday Analysis – Gold remains under pressure

Jing Ren May 31, 2023 25 0

USDCHF awaits breakout The Swiss franc recouped some losses after a lift in the Q1 GDP. As the pair grinds its way up from 0.8830 near January 2021’s lows, a bullish MA cross on the daily chart is a sign of stabilisation. The latest…
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Technical Analysis

Gold Takes Another Dive to $1900!

David Kindley May 30, 2023 27 0

Gold broke another support in yesterday’s trading as market sentiment turns to the Fed. Another interest rate hike could see another downturn for the yellow metal. With the greenback on the front foot, will this week’s NFP data give…
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Technical Analysis

EURUSD Final Minor ABC Zigzag Underway!

Roman Onegin May 30, 2023 10 0

For the EURUSD pair, we can see the formation of the correction IV inside the large impulse. Cycle wave IV most likely takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary leg Ⓦ and the bearish intervening wave Ⓧ are…
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Technical Analysis

Intraday Analysis – JPY sees limited support

Jing Ren May 30, 2023 8 0

USDJPY pulls back The Japanese yen bounced after a lower-than-expected unemployment rate in April. An overbought RSI on both the daily and the hourly chart is a sign of overextension, which could briefly limit the upside. The round…
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Technical Analysis

Join our NFP Live webinar! 2-06-2023

Orbex May 29, 2023 11 0

Get ready to trade the NFP LIVE with our leading experts! Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on June 2nd, 2023. All…
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Technical Analysis

USOIL Intermediate Correction Begins Bearish Impulse

Roman Onegin May 29, 2023 13 0

We considered the USOIL situation more than three weeks ago. We see that the formation of a large bearish trend continues, taking the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the final sub-wave Ⓩ of this triple zigzag is…
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Technical Analysis

Intraday Analysis – GBP still under pressure

Jing Ren May 29, 2023 17 0

GBPUSD struggles to bounce The US dollar advanced after consumer spending grew more than expected in April. The price action is still looking to regain a foothold after breaking above the double top at 1.2440. 1.2310 is the latest…
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