Orbex - Forex Trading Library

EURUSD hits resistance The euro slipped after ECB policymakers cautioned about fast rate hikes. The vertical ascent is a sign of a short-squeeze against medium-term positions as the pair approaches the July high of 1.0480. Its breach…
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With all the focus on G20 and COP27, many European leaders have been out of the continent. News has been relatively sparse, which has allowed the shared currency to drift higher. In the last couple of weeks, it made a couple of runs at…
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The 1H timeframe of the DXY index shows the completion of the global corrective trend. This formed a triple zigzag consisting of five main cycle waves w-x-y-x-z. The market could begin forming the initial part of a new bearish triple…
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Don’t miss your chance to join our live webinar “Money Management & Trading Psychology” on Monday, November 28, 2022.  Learn how to avoid common trader pitfalls and how to use money management to optimize your trading with this…
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This week, Cable traders will have a lot to look at. Of course the big event later in the week is the long anticipated Autumn Budget that is expected to be released on Thursday.  It's not expected to be such a controversial affair this time…
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Gold prices are set to rally toward the crucial resistance of $1,800. October's inflation figure is a negative factor for the dollar, as it discounts a less restrictive monetary policy by the Fed. Meanwhile, a decline in the US dollar…
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In the long term, AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary wave Ⓩ is a simple zigzag (A)-(B)-(C). The intermediate wave (B) of this zigzag took the form of a simple bullish zigzag A-B-C. At the…
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USDCHF probes August’s low The US dollar sank as traders reassessed the Fed’s stance in light of cooling inflation. A sharp fall below the daily support at 0.9740 prompted more buyers to bail out. Then strong momentum below 0.9500 was…
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