Orbex - Forex Trading Library

USDCHF grinds support The US dollar builds a base ahead of the Fed rate decision next week. An initial pop above 0.9240 has prompted short-term sellers to cover some of their bets. Though 0.9280 along the 30-day moving average…
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Yesterday, markets took on a decidedly risk-off attitude through early trading. Some of that was recovered by the evening. But corporate reports were providing investors with plenty of reason to pause. Microsoft was one of the larger firms…
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BABA suggests the continuation of the bearish trend. This takes the form of a cycle triple zigzag consisting of sub-waves w-x-y-x-z. The actionary wave y and the intervening wave x have ended as double zigzags. Wave z is now…
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USDCAD attempts to rebound The Canadian dollar slipped after the BoC signalled a pause in rate increases. On the daily chart, the pair is looking to hold above 1.3320 as a triangle consolidation pattern seems to be taking shape between…
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Amidst all the debate of whether the US is heading into a recession this year, we get the first look at last year's GDP figures. This could be the biggest market moving event of the week, especially if expectations are not met. And there is…
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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 February 3, 2023. …
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A closer look at the 1H timeframe shows that the market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we can see the formation of a new bullish trend. Most likely, there…
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EURUSD continues higher The euro finds support from upbeat PMIs in the eurozone. On the daily chart, the close above last May’s high of 1.0770 continues to fuel the upward thrust. The price action has so far consolidated its gains…
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