Orbex - Forex Trading Library

Other names for this phenomenon include bear market rally and sucker rally. From those two names, we can see why this is a relevant topic now, and why you want to be able to identify one. Being able to adjust your trading to a bear market…
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The current structure of the AUDUSD pair suggests the formation of a zigzag a-b-c, which currently includes a bearish correction b. Wave b consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of…
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USDCHF grinds key support The US dollar treads water as initial jobless claims disappoint. After forming a double top at 1.0050 on the daily chart, the pair is struggling to hold above June’s lows (0.9560). A bullish RSI divergence…
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Since the prior major global recession was caused by disruptions in the housing market, it's understandable that a lot of traders are paying close attention to what's going on there. The effects of the sub-prime crash are still being felt…
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The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. In the long term this forms a cycle correction IV. The final primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5).…
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GBPUSD consolidates gains Sterling edged higher after the UK’s CPI accelerated to 9.1% in May. A previous surge above 1.2200 prompted sellers to trim their positions, reducing the downward pressure. The former supply zone has turned…
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The Dow Jones is starting to retrace after a brief bull rally yesterday. Along with the S&P and Nasdaq, the US indices seem to be trapped in an elongated bear market. With Fed chief Jerome Powell set to testify before Congress…
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Tomorrow's series of preliminary or flash PMIs are likely to set the tone for market sentiment for the rest of the month. With inflation still on the rise around the globe, the impact is first felt by purchasing managers. If PMIs continue…
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AMZN shares are forming a zigzag consisting of sub-waves a-b-c of the cycle degree. The first major wave a is a bullish 5-wave impulse. In the last section of the chart, we have observed a decrease in the price. This could indicate…
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