Orbex - Forex Trading Library

DXY is forming a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that sub-waves  Ⓦ-Ⓧ-Ⓨ-Ⓧ have already ended. The actionary wave Ⓨ is a double zigzag and the intervening wave Ⓧ is a standard zigzag. In the near future, the price…
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AUDUSD attempts to rebound The Australian dollar stalled after GDP growth slowed in the fourth quarter. The price action seems to have gained a secure footing in the 0.6650-0.6700 demand zone near the December swing low. This is a…
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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 March 10, 2023.  Back…
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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…
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Tomorrow sees the release of EuroZone flash CPI figures in the context that many ECB officials are talking up the possibility of larger rate hikes coming in the future. Money markets yesterday fully priced in a terminal rate of 4.0% for the…
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From a global perspective, AMZN seems to be forming a bearish correction wave b. This takes the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In the next coming trading days, we can expect the stock depreciation to continue in the final…
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USDCHF finds support The Swiss franc fell after the annual GDP barely avoided a contraction in Q4. On the daily chart, a close above January’s high of 0.9400 and a bullish MA cross show that sentiment is turning around. Now that the…
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Tomorrow we get the release of PMIs from major economies around the world. With preliminary figures already reported last week for Europe, US and the UK, focus is likely to be more on China. PMIs provide an advanced look at how the economy…
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