Orbex - Forex Trading Library

USDJPY tests key resistance The US dollar edged higher after Fed officials reiterated the need to keep tightening. The pair has recouped most of the losses from a previous liquidation, which suggests solid buying interest at 140.50…
Read More

The ECB has only two more meetings for the rest of the year. Which means that the space to get inflation under control by the end of December is getting tight. The common bank is behind other major central banks in raising policy, which has…
Read More

AMZN suggests the development of a zigzag, which consists of sub-waves a-b-c of the cycle degree. The first major wave a ended as a bullish 5-wave impulse. In the last section of the chart, we see a decrease in the price, which could…
Read More

GBPUSD finds limited relief The pound recoups losses over speculations of an emergency rate hike by the BoE. After breaking below March 2020’s lows near 1.1500 Sterling sank to an all-time low at 1.0350. An extremely oversold RSI on…
Read More

AAPL suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final leg in a scale impulse a of the cycle degree. Most likely, the…
Read More

USDCAD breaks major resistance The Canadian dollar slipped after July’s retail data fell short of expectations. The current rally continues to accelerate after the US dollar rose to a fresh two-year high above 1.3420. A lack of selling…
Read More

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.  Back in September, non-farm…
Read More