Orbex - Forex Trading Library

USDJPY sees little upside The Japanese yen may find support from an acceleration in November’s Tokyo CPI. A bearish MA cross on the daily chart indicates an acceleration to the downside. A brief bounce has met stiff selling pressure at…
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One of the attractive traits for investing in gold is that it holds its value, particularly in times of crisis. It's been the go-to store of value for thousands of years. Crypto notwithstanding, it's likely to stay the premier safe haven…
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The GBPJPY pair forms a global corrective trend taking the form of a double zigzag. On the 1H timeframe, the final the actionary wave y of the cycle degree of this trend is visible. Wave y takes the form of a triple zigzag of the…
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EURUSD finds support The dollar struggles over downbeat PMI in both manufacturing and services. The euro came under pressure at the support-turned-resistance of 1.0450 from last summer. The pair has been consolidating its gains after…
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Fed officials have been doing a lot lately to try to convince the market that monetary policy will keep tightening. But, given the general weakness of the dollar compared to just a month ago, it seems the market isn't buying it. The…
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The chart of the USDJPY pair shows a global cycle impulse pattern recently ending. Then a decline in prices and the formation of a new bearish trend began. A bearish double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ could form in the market.…
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NZDUSD holds high ground The New Zealand dollar rallied after the RBNZ raised its interest rate by 75bp. A break above the September peak of 0.6150 has strengthened the case for an extended rally. The pair is consolidating its recent…
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Tomorrow could be the most important day of the week in terms of data releases. Not only is there the FOMC minutes, but most major countries report preliminary November PMIs as well. Given this is advance data, it's the freshest information…
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The current GBPUSD structure suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a…
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