Orbex - Forex Trading Library

Risk appetite got a bit of a boost overnight despite disappointing Chinese NBS PMI figures. Health authorities in the world's second largest economy promised to revise the way in which zero-covid policies would be enacted, and touted…
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The internal structure of AMZN hints at the development of a corrective trend. This formed a zigzag which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation of the first…
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USDCHF attempts to bounce back The Swiss franc weakened after the Q3 GDP fell short of expectations. A tentative break below last August’s low of 0.9380 further put the bulls on the defensive. Multiple tests at this level show strong…
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Tomorrow we get our first look at this month's inflation figures from the EuroZone. This data is critical for the shared currency because this is the data that the ECB will have when going into its interest rate decision two-and-a-half…
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According to the current AAPL stock chart, we can assume the formation of a corrective trend. This takes the form of a zigzag of the cycle degree a-b-c. The first impulse wave a looks fully completed. A complex correction b is…
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USDJPY remains under pressure The Japanese yen fell after an uptick in October’s jobless rate. The rebound has met stiff selling pressure in the former demand zone around 142.40. A break below the recent low of 138.00 suggests that the…
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Don’t miss your chance to join our live webinar “Surfing the Elliott Waves” on Monday, December 12, 2022.  Learn how to use Elliot Waves to determine entry, stop loss, and exit points. Don't miss this exclusive forex webinar with leading…
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Protests against covid lockdowns in China intensified over the weekend, weighing on risk sentiment early Monday. There were a series of concerns that helped raise interest in safe havens like the dollar. But what could happen in China has…
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Get ready to trade the NFP LIVE with a seasoned analyst!  Our resident market strategist David Kindley will be going live on Facebook and YouTube to give you exclusive insights into this month’s non-farm payrolls data release.  Back…
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The BABA structure hints at a bearish corrective trend taking the form of a cycle triple zigzag w-x-y-x-z. Actionary wave y has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. Whilst a second small intervening wave x is also a double…
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