Orbex - Forex Trading Library

The current USDJPY structure suggests that the formation of a global cycle impulse could have been completed not so long ago. Then the fall of the exchange rate and the formation of a new bearish trend began. It is assumed that a…
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USDCHF tests major support The US dollar slipped after data showed a rise in initial claims for unemployment benefits. The price is testing last April’s low near 0.9200 after giving up all the gains from the breakout rally eight months…
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The yen had a pretty active year, and it looks like next year is shaping up to have plenty of volatility as well. In 2022, most of the year was dominated by a weakening yen as central banks around the world raised rates, while the BOJ kept…
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Three weeks ago, we talked about the GBPUSD pair, according to which a global corrective trend is forming – a triple zigzag w-x-y-x-z, as part of which the market builds the final actionary wave z of the cycle degree. The wave z…
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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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