Orbex - Forex Trading Library

USDJPY test support The Japanese yen inched lower as January’s inflation missed expectations. On the daily chart, a bullish MA cross and a close above this year’s high of 134.40 indicate that sentiment could be turning around in the…
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After taking a break on Wednesday for the Emperor's birthday, the yen could be in for some substantial volatility for the rest of the week. On Tuesday, the BOJ was forced to step in to defend the bounds of its YCC, buying up ¥400B in bonds.…
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USDCAD suggests the construction of a corrective triple zigzag consisting of cycle waves w-x-y-x-z. Waves w-x-y-x are fully completed, and the final actionary wave z is being built. Wave z takes the form of a primary double zigzag…
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NZDUSD tests major floor The New Zealand dollar softens as the RBNZ continues to expect the country to slip into a recession. The pair is looking to stabilise above the January swing low of 0.6190. A drop below this critical floor…
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Something of a "perfect storm" hit the markets yesterday, leading to all sectors in the US markets taking a dive. The Dow even wiped out all of its gains so far this year. The dollar also notched a gain as traders headed for safe havens.…
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On the current SPX500 chart, we see the development of a large impulse consisting of sub-waves I-II-III-IV-V. We can notice a cycle correction IV as a primary triple zigzag, after which the price moved higher. In the near future,…
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EURUSD drifts lower The US dollar extended gains helped by upbeat PMIs in February. On the daily chart, a bearish MA cross after the price pierced the moving averages suggests that a correction is due after a three-month long rally.…
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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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Following the last meeting of the FOMC, it seemed like the Fed was putting the final touches on its rate hiking cycle. In the post rate decision presser, Chair Powell said that only a couple of rate hikes remained. Although the market still…
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