Orbex - Forex Trading Library

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…
Read More

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…
Read More

General risk appetite took a turn for the worse yesterday after a couple of key comments from Fed members. Normally the market wouldn't hinge on just some comments, but they came at the tail end of some worrying data. That helped give the…
Read More

Just like a few weeks ago, a bearish trend continues to form for BABA. On the current chart, we can notice the completed actionary wave y and the second small intervening wave x. They are both double zigzags. At the moment, the…
Read More

AUDUSD fails to rebound The Australian dollar slipped on downbeat inflation expectations and unemployment rate. A break below the daily support of 0.6870 has put the aussie under pressure, with a sharp fall suggesting that a number of…
Read More

Towards the end of the last year, there was quite a lot of speculation that China would see substantial growth in the near future. That was when the announcement came that officials would progressively lift all covid restrictions. The last…
Read More