Orbex - Forex Trading Library

GBPUSD seeks support The pound struggles as market sentiment remains cautious with thin liquidity. The pair is still looking to hold onto its gains after clearing last August’s high of 1.2280. Even though short-term buyers have bailed…
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The BOE is in a very difficult situation, which makes the outlook for monetary policy in the UK harder to predict. It is facing both the problems of the EU and of the US combined. Recently, this has led to a split in the vote in the MPC, as…
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In the long term, the EURUSD currency is expected to form 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 a…
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EURUSD consolidates gains The euro keeps the high ground thanks to the ECB’s hawkish approach. The euro has retained its upward trajectory, and the RSI returning to the neutral area on the daily chart has taken some heat off the rally.…
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Back in October, the Euro fell below parity with the US dollar. Since then, it has rebounded, but hasn't returned to the levels at the start of the year. Naturally, the question is whether the pair will continue the trend higher, or turn…
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XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave is still…
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USDCAD seeks support The Canadian dollar edged higher after its economy grew by 0.1% in October. The US counterpart had recovered along a rising trendline from mid-November but hit resistance in the supply zone between 1.3700 and last…
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Over the last year, the dollar saw an extended period of strength, but turned around in autumn. Although there were many events to influence that trajectory, the main overriding theme has been the Fed. And as we turn our attention to the…
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EURUSD rallies over assertive ECB The euro inches higher as the ECB may be determined to fight persistent inflation. ECB Vice-President Luis de Guindos stated that the central bank might maintain the current pace of rate hikes for a…
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