Orbex - Forex Trading Library

AUDUSD grinds higher The Australian dollar finds support from strong CPI in Q3. From the daily chart’s perspective, sentiment remains extremely bearish and the latest rebound could be a mere flag-shaped consolidation near moving…
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In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up…
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The consensus among analysts is that the BOC will raise rates another 75bps, leaving the target rate at 4.0%. Lately, Canada has been "leading" the Fed since its meetings are scheduled before its southern neighbor's. Since both countries…
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In the long term, USOIL seems to be forming a primary wave ⑤. This takes the form of an intermediate ending diagonal. On the 1H timeframe, we see its second half. The intermediate correction wave (4) in the form of a minor double…
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USDCHF in consolidation The US dollar stays muted over lacklustre manufacturing and services PMI. The bullish bias remains intact as the greenback consolidates its gains around parity. Buyers may see the sideways action as an…
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Everything was on hold in China until the conclusion of the Chinese Communist Party's Congress over the weekend. Then there was a barrage of data and we found out what had been agreed on. Apparently, the markets didn't like the result as…
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The internal structure of the DXY index shows the completion of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z. It is possible that the market has begun forming the initial part…
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GBPUSD finds bids The US dollar softened after Treasury Secretary Yellen said inflation was not entrenched. After receding from the previous high at 1.1500, the pound found support at the base (1.1100) of the current rebound. This is a…
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