Orbex - Forex Trading Library

AUDUSD fails to rebound The Australian dollar slipped on downbeat inflation expectations and unemployment rate. A break below the daily support of 0.6870 has put the aussie under pressure, with a sharp fall suggesting that a number of…
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Towards the end of the last year, there was quite a lot of speculation that China would see substantial growth in the near future. That was when the announcement came that officials would progressively lift all covid restrictions. The last…
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NZDUSD looks at the formation of a new bullish trend. Most likely, the first wave Ⓐ is currently under construction, which could take the form of an impulse of the intermediate degree (1)-(2)-(3)-(4)-(5). The long-term…
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GBPUSD tests key support The pound slipped after January’s CPI came out below expectations. On the daily chart, the pair is still range bound between January’s low (1.1850) and high (1.2450). For intraday traders, a shooting star in…
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On the surface, this might seem to be an odd thing to be considering now. Most countries in the world are facing significant inflation problems. Of the "big three", which we'll focus on for purposes of answering the title question, the US…
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GBPJPY seems to be forming a large corrective triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ pattern. The final wave Ⓩ could take the form of an intermediate double zigzag (W)-(X)-(Y). It is assumed that two sub-waves (W) and (X) have already been formed.…
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EURUSD struggles to bounce back The US dollar jumped after January’s inflation did not slow down as fast as expected. The pair came to rest at the start of the breakout rally in early January (1.0660). The top of a previously faded…
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There are a lot of reasons for investors to seek safe havens, particularly recently. But gold has struggled to reach the $1,900/oz level. Although it could make it that high eventually, it's still notable that it's taking so long. There are…
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