Orbex - Forex Trading Library

The XAGUSD pair seems to be forming a correction wave b of the cycle degree, which is part of the global zigzag. It is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final…
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AUDUSD bounces back The Australian dollar struggled as the RBA slowed the pace of tightening with a mere 25bp hike. A previous break above 0.6500 flushed out some selling interests and gave the aussie a little breathing room. The price…
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Don’t miss your chance to join our live webinar “How to Trade Volatility” on Monday, October 24, 2022.  Learn how to trade during high volatility by joining this exclusive webinar with leading Market Strategist David Kindley, as part of…
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Tomorrow's meeting of the OPEC cartel is expected to be quite an event. And not just because it's the first time since the start of the pandemic that delegates are meeting in person. There is rampant speculation that it might agree to cut…
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The SPX500 index shows a large impulse trend. This consists of sub-waves I-II-III-IV-V of the cycle degree. The first three parts of the impulse pattern are fully completed. It is likely that the cycle correction wave IV has also…
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USDJPY hits resistance The Japanese yen recovered as the Tokyo core CPI beat estimates in September. The price has recouped most losses from the previous sell-off, a sign that sentiment remains upbeat despite a temporary setback. A…
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Normally, higher rates would be seen as good for the banking sector. So there is understandably some concern about the financial markets since Australian banking shares are down considerably despite a broad consensus that the RBA will raise…
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On the 1H timeframe for the USDCHF pair, we see the final part of a large double zigzag consisting of cycle sub-waves w-x-y. The price decline in the cycle wave y, which is a primary standard zigzag, has recently ended. Currently,…
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