Orbex - Forex Trading Library

AMZN shares are expected to develop a simple zigzag consisting of sub-waves a-b-c of the cycle degree. Perhaps the market has completed the formation of the first major wave a which was a bullish 5-wave impulse. Since the end of last…
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USDCHF tests resistance The Swiss franc struggles as the Q2 GDP reading disappoints. The greenback has recouped all losses from its July sell-off and is testing the daily resistance at 0.9880. A combination of profit-taking and fresh…
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The sales pitch for gold is that it's a hedge against inflation, because it doesn't lose its value. It is a real commodity, unlike fiat currency. Yet, as inflation has skyrocketed around the globe this year, the price of gold has not. In…
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AAPL looks at the development of a primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final leg in a large cycle impulse a. Most likely, the intermediate…
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GBPUSD tests major demand zone The US dollar rallies as hiring remains strong despite moderate wage growth. As the pair approaches March 2020’s lows around 1.1450, the RSI’ oversold situation prompts sellers to take some chips off…
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EURUSD falls over gloomy outlook The euro weakens as traders fret that an aggressive ECB is pushing the bloc to the brink of a recession. Euro zone inflation continues to surge and could hit a double digit soon. Prices excluding…
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The yen has weakened to the lowest level since 1998, with the USDJPY popping above the 140 handle. Through the week, the pair rose 1,9%. In a period of economic uncertainty, usually traders would expect the yen to get stronger on safe-haven…
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The SPX500 index continues the development of a major impulse trend. Most likely, the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse with intermediate sub-waves…
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