Orbex - Forex Trading Library

USDCHF breaks resistance The Swiss franc weakened across the board as risk appetite picks up. The pair had met stiff selling pressure in the former daily demand zone around 0.9140 and a subsequent fall below 0.9020 pushed out the weak…
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Don’t miss your chance to attend another Orbex Trading Masterclass webinar: “Trading Behavior & Risk Management” with leading industry expert and seasoned market analyst Daniel John Grady.   Register to join our final Masterclass…
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The UK is set to deliver a trove of economic data over the coming days, including key figures such as GDP and jobs numbers. With many central banks approaching the point of calling it quits on the hikes, there are open questions about just…
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EURUSD steadies ahead of ECB hike The euro steadies as the market awaits another rate hike from the ECB. Given the persistent nature of inflation, policymakers have reiterated that the hike campaign needs to be forceful to achieve a…
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In the global perspective, USDCAD could build a triple zigzag w-x-y-x-z. The current chart shows the final actionary wave z of the cycle degree. This takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the sub-waves Ⓦ-Ⓧ are…
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USDCAD struggles to bounce The Canadian dollar rallied after May’s unemployment rate came out lower than expected. The major floor of 1.3310 from the daily chart has attracted some bargain hunters but may not be enough to turn the…
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The BOC really shocked markets back on Wednesday when it hiked rates by 25bps. Pretty much everyone was expecting it to be a non-event. Given Canada's unique position, the move impacted how many analysts viewed central banks around the…
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Today we will consider the situation on AAPL shares. Apparently, the market is forming a correction pattern – a cycle zigzag a-b-c. Correction b is being built now. It has the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It…
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USDJPY tests support The Japanese yen clawed back losses after the Q1 GDP beat expectations. The price is consolidating its gains after clearing the major supply area of 138.00 from the daily chart. 138.60 over the 20-day SMA saw…
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