Orbex - Forex Trading Library

The AAPL chart shows the formation of a correction pattern as a 3-wave cycle zigzag a-b-c. Most likely, a complex correction b has ended as a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary leg Ⓦ and the zigzag intervening wave Ⓧ look…
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AUDUSD tests resistance The Australian dollar struggles as the RBA’s hawkish meeting minutes put a cap on risk appetite. The price action has fallen back to the consolidation area around 0.6800 from late December. The RSI’s double dip…
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Recently, natural gas trading in The Netherlands fell to the lowest price in a year. That's still above the average, since natural gas prices had been rising as tensions between Russia and Ukraine were brewing before the start of the war.…
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In the long run, AUDUSD seems to be forming a global correction b of the cycle degree. This could soon end in the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. In the zigzag actionary wave, impulse wave (A) and the intermediate correction…
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GBPUSD bounces back The pound clawed back some losses after January’s retail sales beat expectations. A fall below 1.1970 has invalidated the rebound and put buyers under renewed pressure. As the cable tests the demand zone above this…
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General risk appetite took a turn for the worse yesterday after a couple of key comments from Fed members. Normally the market wouldn't hinge on just some comments, but they came at the tail end of some worrying data. That helped give the…
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Just like a few weeks ago, a bearish trend continues to form for BABA. On the current chart, we can notice the completed actionary wave y and the second small intervening wave x. They are both double zigzags. At the moment, the…
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