Orbex - Forex Trading Library

The structure of the GBPUSD currency suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. Wave z most likely takes the form of a primary…
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USDJPY seeks support The Japanese yen finds support as August’s CPI hits an eight-year high. The trajectory remains up from the daily chart’s perspective and the latest pullback could be an opportunity to accumulate. A rally back above…
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Don’t miss your chance to join our live webinar “Trading Forex Using the MT4 platform” on Tuesday, September 6, 2022.   Designed to teach you how to start trading forex on MetaTrader4, this exclusive webinar with leading Market…
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The markets are waiting with bated breath for what Fed Chair Powell will say during his presentation at the Jackson Hole Symposium. The event starts today and lasts through Saturday, with a host of speakers that could all shake up the…
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URUSD expected to go bearish In the long term, EURUSD currency is likely to form a bearish corrective trend. This could take the form of a double zigzag consisting of cycle waves w-x-y. It is likely that at the time of writing, the…
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NZDUSD struggles to bounce The New Zealand dollar treads water as Q2 retail sales numbers disappoint. The pair is grinding the demand zone (0.6150) from a bullish breakout in mid-July. A bullish RSI divergence shows a deceleration in…
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After a steep rise in interest rates around the world, it's natural to question at what point central banks will stop. This is where bankers start using a technical term: "neutral level". The thing is, what exactly constitutes a "neutral…
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