Orbex - Forex Trading Library

In the long term, the EURUSD currency is likely to form a bearish cycle impulse that consists of sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III ended and then the formation of the horizontal correction IV began.…
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GBPUSD finds support The pound bounces back as Britain’s core CPI stayed stubbornly high in August. The sharp decline came to a halt at the base of a previous bullish breakout at 1.1480. The RSI’s oversold condition attracted some…
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Jobs figures are back in focus in Australia following some interesting comments from RBA Governor Lowe a few days back. Of course the RBA doesn't care about the employment situation directly. But the theory is that jobs support consumer…
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A look at the USDCNH pair shows a primary zigzag Ⓐ-Ⓑ-Ⓒ pattern. In the long term, this seems to be forming a large correction IV of the cycle degree. The final primary wave Ⓒ takes the form of an intermediate (1)-(2)-(3)-(4)-(5)…
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EURUSD seeks support The US dollar surged after consumer prices rose faster than expected last month. The euro’s rally came to a halt in the supply zone around 1.0190, then a fall below 1.0090 forced leveraged short-term long positions…
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With Covid no longer taking up international relations, the Northern Ireland Protocol was back creating tension between London and Brussels. But, over the weekend, a proposal was quietly put forward by EU representative Sefcovic that could…
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The structure of the USDCHF pair shows the final part of a large double zigzag consisting of cycle sub-waves w-x-y. It is possible that the price reduction in the intervening wave x, which represents the primary standard zigzag, has…
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