Orbex - Forex Trading Library

The XAUUSD formation hints at a global correction pattern that takes the form of a cycle triple zigzag. The current chart shows the internal structure of the bearish cycle intervening wave x. This looks completed in the form of a…
Read More

NZDUSD tests supply zone The New Zealand dollar bounces higher after Q2 CPI exceeded expectations. Despite a choppy price action, general sentiment remains downbeat. Trend followers have been eager to sell into strength. The latest…
Read More

EURUSD softens as ECB hikes lag behind The euro hovers over parity as the ECB is expected to kick off its tightening cycle this week. The ECB will likely deliver a 25 bp increase next week but may have limited impact on the single…
Read More

The cryptocurrency space has seen a choppy price action for the last few sessions. Even though we have witnessed an upshift, analysts remain skeptical that Bitcoin still has not found a bottom level. With Bitcoin falling more than 70%…
Read More

There has been quite a shift in the markets over the last couple of days. Understanding that will help us understand why we should be paying very close attention to the yield curve right about now. On Wednesday, the US reported higher…
Read More

The current structure of the AUDUSD pair suggests the formation of a zigzag a-b-c. This currently includes a bearish correction b and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the…
Read More

USDCHF seeks support The US dollar bounces higher fuelled by expectations of a supersized rate hike after record high inflation. A short-lived pullback has met solid buying interest over 0.9750. A pop back above the recent high at…
Read More

China is the first major economy to report its Q2 GDP figures, which are expected tomorrow along with a literal avalanche of data. We could expect some choppy markets in Asia following the release, even if all the data aligns in the same…
Read More

A strong dollar has seen a decline in both the yellow and black gold recently. Gold is expected to test the $1700, with WTI already breaking the $100 level. With recession fears mounting and China battling renewed Covid-19 outbreaks…
Read More

AMZN seems to be forming a zigzag pattern consisting of cycle sub-waves a-b-c. In the last section of the chart, a decrease in the price could indicate the beginning of a bearish correction wave b. This correction can take the form…
Read More