Orbex - Forex Trading Library

The chart of the USDJPY pair shows a global cycle impulse pattern recently ending. Then a decline in prices and the formation of a new bearish trend began. A bearish double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ could form in the market.…
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NZDUSD holds high ground The New Zealand dollar rallied after the RBNZ raised its interest rate by 75bp. A break above the September peak of 0.6150 has strengthened the case for an extended rally. The pair is consolidating its recent…
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Tomorrow could be the most important day of the week in terms of data releases. Not only is there the FOMC minutes, but most major countries report preliminary November PMIs as well. Given this is advance data, it's the freshest information…
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The current GBPUSD structure suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a…
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GBPUSD consolidates gains The pound found support after the UK budget committed to austerity. The pair came under pressure at the psychological level of 1.2000 which coincides with the origin of a bearish acceleration back in…
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For a while, it seemed that the BOC would be ahead of the Fed in slowing down rate hikes. The economy was still growing, and core inflation was retreating as the used car market normalized. But the latest developments outside of the country…
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On the 1H chart for the EURUSD, we can see the development of a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the formation of…
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USDCHF tries to hold ground The US dollar bounces back as Treasury yields recover from the previous sell-off. The greenback has found some respite at a 3-month low next to 0.9380. A bullish RSI divergence in this demand zone suggests a…
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EURUSD bounces as market goes risk-on The euro rallies over increased risk appetite post US-inflation data. After a six-month long rally against the euro, the dollar does need some breathing room and a cooling CPI might just have…
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The football World Cup brings together countries from all around the world. Since currency trading involves countries from around the world, it's logical to think there would be some crossover. And there is market analysis as well as…
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