Orbex - Forex Trading Library

The current GBPUSD structure suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a…
Read More

GBPUSD consolidates gains The pound found support after the UK budget committed to austerity. The pair came under pressure at the psychological level of 1.2000 which coincides with the origin of a bearish acceleration back in…
Read More

For a while, it seemed that the BOC would be ahead of the Fed in slowing down rate hikes. The economy was still growing, and core inflation was retreating as the used car market normalized. But the latest developments outside of the country…
Read More

On the 1H chart for the EURUSD, we can see the development of a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the formation of…
Read More

USDCHF tries to hold ground The US dollar bounces back as Treasury yields recover from the previous sell-off. The greenback has found some respite at a 3-month low next to 0.9380. A bullish RSI divergence in this demand zone suggests a…
Read More

EURUSD bounces as market goes risk-on The euro rallies over increased risk appetite post US-inflation data. After a six-month long rally against the euro, the dollar does need some breathing room and a cooling CPI might just have…
Read More

The football World Cup brings together countries from all around the world. Since currency trading involves countries from around the world, it's logical to think there would be some crossover. And there is market analysis as well as…
Read More

NZDUSD suggests forming a bearish trend, which could take the form of a double zigzag w-x-y of the cycle degree. The current chart shows the structure of the final wave y, which is similar to the primary zigzag Ⓐ-Ⓑ-Ⓒ. Most likely,…
Read More

USDJPY strives to bottom out The US dollar edged higher after Fed officials cautioned about tempering rate hikes too soon. The pair has found support at the origin (138.00) of a breakout rally in late August. A bullish RSI divergence…
Read More