Orbex - Forex Trading Library

EURUSD attempts to rebound The US dollar finds support from higher Treasury yields. The pair saw strong support near May’s lows (1.0380). A surge above 1.0500 prompted short-term sellers to cover and paved the way for a rebound. This…
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The USDJPY has been trading relatively flat, just under the 135.00 level for a couple of weeks now. There was a drop, but traders pushed it right back to below that strong resistance level. The monetary policy has been mostly driving the…
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The internal structure of AAPL shares hints at the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final wave in the cycle impulse a. Most…
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AUDUSD finds support The Australian dollar rallies as the RBA minutes show its commitment to rate hikes. The pair is hovering above May’s lows around 0.6830 as the bulls seek to safeguard the previous rebound. The price saw support at…
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The BOE's focus is, of course, inflation. So, after their meeting last week, there will be a lot of attention on May CPI figures that will be released the day after tomorrow. Analysts and traders will be keen to see if higher rates are…
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XAUUSD continues to form a global correction pattern. This takes the form of a cycle triple zigzag. The current chart shows the final part of the actionary wave y. This was in the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary…
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USDJPY recoups losses The Japanese yen fell back after the Bank of Japan vowed to keep interest rates ultra-low. A sharp U-turn above 134.50 has taken sellers by surprise and forced them to cover. A bullish MA cross suggests a possible…
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EURUSD falls over potential debt crisis The euro weakens as the market grows wary of a repeat of the debt crisis from a decade ago. Borrowing costs for peripheral nations soared after the ECB revealed its plans to raise interest…
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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…
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