Orbex - Forex Trading Library

The current USDCHF structure on the 1-hour timeframe shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. The intervening wave x, which is a double zigzag Ⓦ-Ⓧ-Ⓨ, has recently come to an end. The…
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EURUSD sees limited bounce The US dollar retreated after PMI data showed a slowdown in business activity. However, the euro’s fall below parity and July’s low indicates that sellers are in control. As last month’s rally turned out to…
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US indices fell rather dramatically in the last two sessions. There were a couple of factors contributing, but the Jackson Hole symposium later in the week is seen as a risk catalyst. But in early trading today, better than expected PMI in…
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USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the final primary wave ⑤, which takes the form of an intermediate impulse. It is possible that an…
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USDCHF pops resistance The US dollar rallies as Fed officials reiterate an aggressive tightening stance. A bearish RSI divergence as the pair grinded the supply zone at August’s high (0.9650) turned out to be a false alert for lack of…
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For traders looking to see where the markets might be headed for the rest of the month, tomorrow's data might be the sentiment catalyst. PMIs are the freshest data, and they are especially relevant now as investors grade the impact of…
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The USDCNH formation shows the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. In the long term this seems to be forming a cycle correction IV. The last primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). The final…
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