Orbex - Forex Trading Library

USDJPY grinds rising trendline The Japanese yen slips over rumours of an intervention once again by the authorities. The pair has been climbing along a rising trendline after it broke above the previous high at 145.80. As the price…
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As fears of a recession start to settle in, commodity currencies have been on the backfoot despite offering comparably better real rates. Canada has been a particular example of this phenomenon, with its dollar weakening despite a more…
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The current Gold chart suggests the development of a large correction pattern, which takes the form of a cycle triple zigzag. The 1H timeframe shows the structure of the bearish cycle intervening wave x, which looks like a triple…
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GBPUSD seeks support The pound holds steady as Britain’s inflation rose to 10.1% in September. From the daily chart’s perspective, the pair is forming a flag-shaped pattern after its recent sharp slide. While Sterling clawed back some…
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Last Friday saw the unofficial start of Q3 earnings season. Over the next month, most major corporations around the world will provide updates to investors on profits and give an outlook for the rest of the year. CEO's will comment on the…
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We continue to analyze the situation on the SPX500 from the point of view of Elliott theory. It is assumed that the index forms a large impulse trend, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps the…
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USDCHF takes breather A regain in risk appetite keeps the US dollar in check. A drop below 0.9960 led intraday buyers to take profit. The price is taking a breather after it broke above the double top at 1.0040, a key resistance on the…
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Despite all the attention on the mini-budget and the political fallout, the BOE still has to fight rising inflation. It will meet two weeks from now to decide on the next course of action. With the release of the data tomorrow, markets can…
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The structure of AMZN shares shows the development of a corrective trend. It is assumed that a zigzag is formed, which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation…
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AUDUSD attempts to recover The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some…
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