Orbex - Forex Trading Library

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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There has been a curious phenomenon in global stock markets which is getting a lot of investors worried. The situation is most pronounced in the US, likely because the Fed has been among the most aggressive of the central bankers. What's…
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As three weeks ago, the SPX500 index continues to form a large impulse trend consisting of sub-waves I-II-III-IV–V. Last autumn, a long cycle correction IV was completed in the form of a primary triple zigzag. Then the price began to…
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USDCAD grinds major support The Canadian dollar soared as the BoC resumed its tightening campaign with another 25-basis point rate hike. A drop below 1.3500 has broken the pair’s upward momentum and prompted short-term bulls to bail…
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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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Normally, the final revision to GDP numbers isn't a thing to move the markets. But that could be different this time around for the EuroZone after what happened with Germany. Especially for the Euro now that we're moving into the ECB's…
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The price of gold remains consolidated after declining slightly during the NFP release. With the greenback also ranging, is the market acting a bit flat until the next breakout? With markets reassessing the landscape with next week’s…
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In the long term, XAGUSD is forming a corrective trend consisting of cycle waves w-x-y-x-z. At the moment we see the construction of an intervening wave x. This takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.…
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EURUSD breaks lower The Euro struggled after retail sales across the bloc remained flat in April. The pair has given up most of the gains from its mid-Mach rally and is heading towards the daily support of 1.0540. The latest bounce has…
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Yesterday's disappointing US ISM Services survey left markets worried about growth, playing into the main theme of the week. Several major countries will release their trade statistics for last month, and the consensus among analysts is…
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