Orbex - Forex Trading Library

The current chart of the USDJPY pair shows the formation of a global impulse trend. In the last section of the chart, we see the construction of the final cycle wave V. Wave V takes the form of a 5-wave impulse ①-②-③-④-⑤ of the…
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USDCHF grinds major resistance The Swiss franc bounced after SNB Chairman Thomas Jordan insisted on pursuing the tightening. Following a break above the double top at 0.9870, a bullish MA cross on the daily chart indicates an…
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Thursday is likely to have the pivotal data in terms of the markets, particularly in relation to the dollar. If everything goes as expected, it would probably simply reaffirm the current trajectory. But if there is a miss of expectations,…
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The structure of the GBPUSD currency suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. Wave z most likely takes the form of a primary…
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EURUSD struggles for bids The US dollar keeps advancing thanks to the Fed policy momentum. The latest rally came to a halt at the parity level, a sign that the bears were eager to sell into strength. A fall below 0.9790 further weighs…
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Markets are still digesting the repercussions of the Chancellor's "mini-budget". In the latest move, the BOE increased the amount of authorized buybacks through TECRF facility. That's the intervention launched to shore up the pound in the…
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In the long term, the EURUSD currency seems to form a bearish cycle impulse. This consists of sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III has ended. Then the formation of the horizontal correction IV began.…
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USDCAD awaits breakout The US dollar finds support from a stronger-than-expected jobs report in September. The pair has been consolidating its gains after a vertical ascent lately. An overbought RSI on the daily chart calls for a…
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