Orbex - Forex Trading Library

NZDUSD tests resistance The US dollar whipsawed as high inflation persisted in September. On the daily chart, the pair has taken a breather after the RSI went deeply into the oversold area. Sellers’ profit-taking would not be enough to…
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The world's second largest economy is in focus on Friday with the release of some key data at a crucial juncture before the CCP general meeting. There had been some expectations that the zero-Covid policy might be relaxed after the meeting.…
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GBPJPY seems to be forming a global corrective trend, taking the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is visible. It seems that the wave y takes the form of a triple zigzag…
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AUDUSD struggles to bounce The Australian dollar struggles over downbeat inflation expectations. The downtrend accelerated after the aussie cut through the demand area around 0.6400. An oversold RSI caused a rebound as intraday traders…
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Overnight, cable rose and then fell well over 200 pips, then jumped over 100 pips before the market opened. That's typically a time when the pound is relatively quiet, with European markets closed. Comments from BOE's Bailey and press…
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The current chart of the USDJPY pair shows the formation of a global impulse trend. In the last section of the chart, we see the construction of the final cycle wave V. Wave V takes the form of a 5-wave impulse ①-②-③-④-⑤ of the…
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USDCHF grinds major resistance The Swiss franc bounced after SNB Chairman Thomas Jordan insisted on pursuing the tightening. Following a break above the double top at 0.9870, a bullish MA cross on the daily chart indicates an…
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