Orbex - Forex Trading Library

The formation of a corrective trend for APPL stocks continues. This takes the form of a 3-wave zigzag of the cycle degree a-b-c. A complex correction b is currently under development, the structure of which hints at the primary…
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USDCHF retests support The US dollar struggles as the Fed minutes confirms a slower pace in its interest rate increases. Last April’s low of 0.9200 has offered some support and the surge above 0.9340 prompted sellers to trim their…
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The AUDUSD caught a bit of a bid yesterday on rumors that China might lift its ban on coal imports from Australia. This could have an important impact on the Australian currency. But, it could also not end up becoming effective, since this…
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Tesla delivered 40% more vehicles than in 2021. However, the company fell short of Wall Street sales forecasts. This sent shares sinking by more than 12% after the update, with recession fears and higher interest rates leading to a…
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The internal structure of BABA shares suggests the construction of a bearish trend taking the form of a cycle triple zigzag w-x-y-x-z. We see the completed actionary wave y and the second small intervening wave x, which are double…
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EURUSD on corrective path The US dollar jumped as traders made room for the Fed minutes later in the day. The euro’s consolidation at the end of December has failed to achieve a new high. A sharp drop below the demand zone…
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The Fed has raised rates 7 times in a row, and the consensus among analysts is that it will do so again at the end of the month. At the moment, the majority of economics expect a 25bps hike, which would continue the "leveling off" trend…
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Looking at the 1H timeframe for the NZDUSD currency pair, we see that the market has already completed the formation of a cycle actionary wave y. In the last section of the chart, we can see the formation of a new bullish trend.…
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