Orbex - Forex Trading Library

Don’t miss your chance to join our live webinar “Money Management & Trading Psychology” on Monday, November 28, 2022.  Learn how to avoid common trader pitfalls and how to use money management to optimize your trading with this…
Read More

This week, Cable traders will have a lot to look at. Of course the big event later in the week is the long anticipated Autumn Budget that is expected to be released on Thursday.  It's not expected to be such a controversial affair this time…
Read More

Gold prices are set to rally toward the crucial resistance of $1,800. October's inflation figure is a negative factor for the dollar, as it discounts a less restrictive monetary policy by the Fed. Meanwhile, a decline in the US dollar…
Read More

In the long term, AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary wave Ⓩ is a simple zigzag (A)-(B)-(C). The intermediate wave (B) of this zigzag took the form of a simple bullish zigzag A-B-C. At the…
Read More

USDCHF probes August’s low The US dollar sank as traders reassessed the Fed’s stance in light of cooling inflation. A sharp fall below the daily support at 0.9740 prompted more buyers to bail out. Then strong momentum below 0.9500 was…
Read More

GBPUSD awaits budget catalyst The pound edges higher as Britain may look to restore markets’ confidence with a new budget. Sterling has recouped losses from the September budget firesale. Traders are awaiting a new announcement while…
Read More

A large correction pattern is currently forming on XAUUSD, forming a cycle triple zigzag. The 1H timeframe shows the structure of the completed cycle intervening wave x. This looks like a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. There is…
Read More