Orbex - Forex Trading Library

The current Gold chart suggests the development of a large correction pattern, which takes the form of a cycle triple zigzag. The 1H timeframe shows the structure of the bearish cycle intervening wave x, which looks like a triple…
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GBPUSD seeks support The pound holds steady as Britain’s inflation rose to 10.1% in September. From the daily chart’s perspective, the pair is forming a flag-shaped pattern after its recent sharp slide. While Sterling clawed back some…
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Last Friday saw the unofficial start of Q3 earnings season. Over the next month, most major corporations around the world will provide updates to investors on profits and give an outlook for the rest of the year. CEO's will comment on the…
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We continue to analyze the situation on the SPX500 from the point of view of Elliott theory. It is assumed that the index forms a large impulse trend, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps the…
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USDCHF takes breather A regain in risk appetite keeps the US dollar in check. A drop below 0.9960 led intraday buyers to take profit. The price is taking a breather after it broke above the double top at 1.0040, a key resistance on the…
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Despite all the attention on the mini-budget and the political fallout, the BOE still has to fight rising inflation. It will meet two weeks from now to decide on the next course of action. With the release of the data tomorrow, markets can…
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The structure of AMZN shares shows the development of a corrective trend. It is assumed that a zigzag is formed, which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation…
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AUDUSD attempts to recover The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some…
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Don’t miss your chance to join our live webinar “Trading Harmonics & Candlesticks” on Monday, October 31, 2022.  Learn how to trade harmonics and candlesticks by joining this exclusive forex webinar with leading Market Strategist…
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The recent slide in the yuan currency with respect to the dollar has slowed. The official rate is being set lower (implies stronger yuan), and it emerged earlier today that major state banks have been buying their currency (and selling…
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