Orbex - Forex Trading Library

After the controversy over whether or not the US was technically in a recession during the first half of the year, we'll now get another round of data to potentially clear that up. There are some other data points coming out at the same…
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The XAGUSD pair currently forms 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 as we focus on the final wave Ⓩ. Most likely,…
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USDCAD tests key support The Canadian dollar softened after the BoC surprised the market with a smaller-than-expected rate hike. On the daily chart, the rally came to a halt in the supply zone from May 2020 under 1.4000. The greenback…
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Tomorrow the ECB meets for its latest policy assessment. The consensus among economists is that there will be a hike of 75bps, and the market appears to be pricing it in. Therefore, the reaction in the currency pairs might be minimal, since…
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On the 1H timeframe, the USDCHF pair shows the final part of a large double zigzag consisting of cycle sub-waves w-x-y. The price decline in the cycle wave y, which is the primary standard zigzag, has ended. Currently, the initial…
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AUDUSD grinds higher The Australian dollar finds support from strong CPI in Q3. From the daily chart’s perspective, sentiment remains extremely bearish and the latest rebound could be a mere flag-shaped consolidation near moving…
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In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up…
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The consensus among analysts is that the BOC will raise rates another 75bps, leaving the target rate at 4.0%. Lately, Canada has been "leading" the Fed since its meetings are scheduled before its southern neighbor's. Since both countries…
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