Orbex - Forex Trading Library

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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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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