Orbex - Forex Trading Library

GBPJPY seems to be forming a global corrective trend, taking the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is visible. It seems that the wave y takes the form of a triple zigzag…
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AUDUSD struggles to bounce The Australian dollar struggles over downbeat inflation expectations. The downtrend accelerated after the aussie cut through the demand area around 0.6400. An oversold RSI caused a rebound as intraday traders…
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Overnight, cable rose and then fell well over 200 pips, then jumped over 100 pips before the market opened. That's typically a time when the pound is relatively quiet, with European markets closed. Comments from BOE's Bailey and press…
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The current chart of the USDJPY pair shows the formation of a global impulse trend. In the last section of the chart, we see the construction of the final cycle wave V. Wave V takes the form of a 5-wave impulse ①-②-③-④-⑤ of the…
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USDCHF grinds major resistance The Swiss franc bounced after SNB Chairman Thomas Jordan insisted on pursuing the tightening. Following a break above the double top at 0.9870, a bullish MA cross on the daily chart indicates an…
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Thursday is likely to have the pivotal data in terms of the markets, particularly in relation to the dollar. If everything goes as expected, it would probably simply reaffirm the current trajectory. But if there is a miss of expectations,…
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The structure of the GBPUSD currency suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. Wave z most likely takes the form of a primary…
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EURUSD struggles for bids The US dollar keeps advancing thanks to the Fed policy momentum. The latest rally came to a halt at the parity level, a sign that the bears were eager to sell into strength. A fall below 0.9790 further weighs…
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