Orbex - Forex Trading Library

AUDUSD over-extends The Australian dollar tumbles as the RBA’s downbeat outlook may signal a slowdown in future rate hikes. The rally came to a halt in the vicinity of the daily resistance at 0.7050. A bearish RSI divergence showed a…
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So far this week, safe-haven flows have been the theme of the markets. The yen strengthened substantially, and the Nikkei fell. US stocks were down on the first day of trading. Of course there are other factors affecting market sentiment,…
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The current stock structure on the 1H timeframe hints at the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. On the chart we see the completed actionary wave y. This has the form of a…
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EURUSD finds support The US dollar continues to retreat as profit-taking goes on ahead of nonfarm payrolls. The latest rally found support over 1.0100 after it cleared 1.0200. A series of higher lows indicates mounting buying pressure…
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Last Friday, Switzerland's KOF leading indicator came in well below expectations. To make matters worse, the prior month was revised lower. With the world talking about both recession and facing massive inflation, it would appear the Swiss…
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The current NZDUSD structure on the 1H timeframe shows the formation of a new bearish trend. This could take the form of a primary impulse ①-②-③-④-⑤. This impulse can give rise to a global zigzag a-b-c of the cycle degree. The first…
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USDCAD struggles for support The Canadian dollar consolidated after Canada’s GDP showed signs of slowing down in May. A series of lower lows and a fall below the daily support at 1.2840 further weighed on short-term sentiment. A…
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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 to give you exclusive insights into this month’s non-farm payrolls data release. Last month, non-farm payrolls…
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