Orbex - Forex Trading Library

So, the yen advanced over 300 pips, and the Tokyo stock exchange kinda crashed. The move was so big that Japanese bond futures tripped a circuit breaker and had to be suspended for a while. There are a plethora of articles talking about how…
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SPX500 seems to be forming a large impulse trend, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps the first three parts of the impulse pattern are fully completed, and there is a possibility that the…
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EURUSD consolidates gains The euro found support after ECB officials pledged to keep raising interest rates. The pair came under pressure near last June’s high of 1.0780. A RSI divergence shows a deceleration in the upward momentum and…
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Japan's inflation rate is finally starting to tick up. It's expected that the country will report a further increase in inflation in November to 3.9% from 3.7% prior. But, before that information is made available, the BOJ is expected to…
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According to the current AAPL stock chart, it is possible to assume the formation of a corrective trend, which takes the form of a 3-wave zigzag of the cycle degree a-b-c. The first impulse wave a looks fully completed. A complex…
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EURGBP tests resistance The pound tumbled after the BoE expressed concerns of a prolonged recession. On the daily chart, the near 3-month long consolidation might have come to an end after a bullish candle above 0.8650. The surge is…
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USDJPY softens on potential BOJ shift next year The Japanese yen recovers as the market raises their expectations of a policy shift next year. The BOJ’s last meeting of the year is unlikely to be eventful as Governor Kuroda has…
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Stocks are down substantially this year, even including indices which had a bit of a rally through the last month or so. There has been a split in trend, which is worthy of note. The DJIA moved higher, while the Nasdaq remained relatively…
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The current chart of BABA shares hints at the construction of a bearish trend taking the form of a cycle triple zigzag w-x-y-x-z. We see a completed actionary wave y, which is a primary double zigzag Ⓦ-Ⓧ-Ⓨ. In addition, a second…
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