Orbex - Forex Trading Library

USDCHF awaits breakout The US dollar bounces higher as traders bet on the Fed to stay on an aggressive tightening course. With the double top (0.9860) now out of the picture, the directional bias remains up as the greenback…
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Non-farm Payrolls in the US are expected to come in above “normal” once again. That would affirm the notion that the US employment situation remains "hot", and that the Fed can focus on getting inflation down. The total number of people…
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On the 1H timeframe, NZDUSD seems to be forming a bearish trend. This could take the form of a double zigzag w-x-y of the cycle degree. The current chart shows the structure of the final wave y, which assumes a primary zigzag Ⓐ-Ⓑ-Ⓒ.…
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USDCAD consolidates The Canadian dollar struggles over lacklustre August export data. A bearish RSI divergence showed a slowdown in the upward momentum while a double top at 1.3830 further suggested exhaustion in the current rally. The…
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In the last couple of days, the Euro has been drifting higher, back towards parity. It comes at a somewhat curious juncture, considering the context in the UK. Though, it should be pointed out that yesterday markets jumped higher on…
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The XAGUSD pair seems to be forming a correction wave b of the cycle degree, which is part of the global zigzag. It is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final…
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AUDUSD bounces back The Australian dollar struggled as the RBA slowed the pace of tightening with a mere 25bp hike. A previous break above 0.6500 flushed out some selling interests and gave the aussie a little breathing room. The price…
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Don’t miss your chance to join our live webinar “How to Trade Volatility” on Monday, October 24, 2022.  Learn how to trade during high volatility by joining this exclusive webinar with leading Market Strategist David Kindley, as part of…
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