Orbex - Forex Trading Library

NZDUSD continues lower The New Zealand dollar softens as risk appetite continues to subside. A bearish MA cross on the daily chart points to an acceleration to the downside. A short-lived bounce to 0.6190 indicates strong headwinds.…
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Last month, markets were caught by surprise when the BLS reported that NFP had grown by over half a million. But over 300,000 of those jobs came from the birth-death adjustment. It's unlikely the adjustment will be as large this time…
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BABA suggests the formation of a bearish corrective trend, which takes the form of a cycle triple zigzag w-x-y-x-z. Currently the actionary wave y and a small intervening wave x, which has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ,…
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USDCAD to test key resistance The Canadian dollar softens after the Q2 GDP fell short of expectations. A rally above 1.3060 prompted sellers to cover their bets, opening the path for an extended recovery. A series of higher lows…
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Retail sales are back to the forefront of analysts' minds. Especially now in Europe, with the ECB raising rates. On the one hand, traders would like to be wary of any signs of demand destruction that could mean weaker currency going…
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The current USDCAD timeframe shows the internal structure of the long-term correction wave (4) of the intermediate degree. This is part of the global downward impulse Ⓒ of the primary degree. It is likely that the correction wave (4)…
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EURUSD tests resistance The euro claws back losses as traders price in the likelihood of a large-sized rate hike by the ECB. The single currency has been struggling to hold onto the parity threshold. A whipsaw around 1.0080 suggested…
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Thursday is expected to be one of the most active days of the week, with a host of economic data expected through the day. What could be the broadest reach in the forex market is the latest PMI figures from around the globe. With the world…
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