Orbex - Forex Trading Library

It is assumed that silver is moving inside the global corrective trend consisting of cycle waves w-x-y-x-z. The current chart H1 shows the structure of the cycle intervening wave x. This could end as a triple zigzag of the primary…
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GBPUSD goes into correction The pound retreated after the BoE warned that the impact of rate hikes will be felt in coming quarters. From the daily chart’s perspective, the bias remains bullish as the pair reaches a 12-month high. A…
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Don’t miss your chance to attend another Orbex Trading Masterclass webinar: “How to Start Trading Gold” with leading industry expert and seasoned market analyst Daniel John Grady.   Register to join our live webinar on Friday, May 19th,…
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Crude prices have been on something of a roller coaster over the last month and a half or so. While analysts point to individual news items around each price move, getting a handle on the general trend is a lot more complicated. The…
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In the long term, XAUUSD forms a primary double zigzag consisting of sub-waves Ⓦ-Ⓧ-Ⓨ. The primary sub-waves Ⓦ-Ⓧ have already been formed with wave Ⓨ under development. Wave Ⓨ will acquire a standard zigzag pattern. Intermediate…
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AUDUSD seeks support The Australian dollar inches higher over accelerating inflation expectations. The selling pressure has eased after the pair cleared the support-turned-resistance at 0.6720. Then a pop above the April high of 0.6800…
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The BOE is the last of the major banks to hike this cycle, and the expectation is that it will follow its peers - with a twist. Last week, the ECB and the Fed both hiked by a quarter of a point, but then implied that further rate hikes…
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