Orbex - Forex Trading Library

GBPUSD sees limited bounce The pound finds support from better-than-expected GDP growth in May. The pair is having a hard time holding onto its rally attempts. Bearish sentiment means that rebounds have rather been opportunities for…
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In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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The euro hit the one-to-one region as analysts now expect the Eurozone to fall into a recession. The bear market that has continued for over a year seems to have led the euro to a 20-year low. So, what next for the currency pair? A…
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Tomorrow is the unofficial start of Q2 earnings season, with the "big four" US banks reporting their earnings. As most corporations around the globe update investors over the coming month, we'll get a lot of insight into how the economy is…
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The current formation of AAPL shares 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. The wave ⑤ is the last part in the large cycle impulse a.…
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NZDUSD tests support The New Zealand dollar consolidates as the RBNZ raises its interest rates by 50 basis points. The struggle to clear the supply area around 0.6200 suggests that the sell side still has a firm grip on the direction.…
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Tomorrow we could get the data that is the highlight of the week. US inflation figures are likely to set the mood for the markets, potentially until the Fed meets at the end of the month. Safe-haven flows have been the main driver of…
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Bitcoin continues its bear market turmoil as it cracks the $20k handle once again. Optimism was on the rise after the recent bounce saw the cryptocurrency move above $22k. However, this was not to last long as the crypto market has…
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The 1H timeframe shows the SPX500 structure, which hints at the development of a major impulse trend. The primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse with intermediate…
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USDJPY resumes rally The US dollar popped higher as investors positioned themselves ahead of fresh inflation data. The pair found strong support in the demand zone around 134.80 after a week-long consolidation. A close above the…
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