Orbex - Forex Trading Library

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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The ECB will meet in a couple of weeks amongst growing doubt it will deliver on as much tightening as officials claim. The inflation figures coming out over the next couple of days will be pivotal for that decision, driving markets. The…
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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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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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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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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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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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EURUSD retreats as ECB may slow down The euro edges lower as the ECB might be in the final approach of its tightening journey. Some policymakers have hinted at the terminal rate by the end of summer after a steep rise of 375 basis…
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