Orbex - Forex Trading Library

The current stock structure on the 1H timeframe hints at the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. On the chart we see the completed actionary wave y. This has the form of a…
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EURUSD finds support The US dollar continues to retreat as profit-taking goes on ahead of nonfarm payrolls. The latest rally found support over 1.0100 after it cleared 1.0200. A series of higher lows indicates mounting buying pressure…
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Last Friday, Switzerland's KOF leading indicator came in well below expectations. To make matters worse, the prior month was revised lower. With the world talking about both recession and facing massive inflation, it would appear the Swiss…
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The current NZDUSD structure on the 1H timeframe shows the formation of a new bearish trend. This could take the form of a primary impulse ①-②-③-④-⑤. This impulse can give rise to a global zigzag a-b-c of the cycle degree. The first…
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USDCAD struggles for support The Canadian dollar consolidated after Canada’s GDP showed signs of slowing down in May. A series of lower lows and a fall below the daily support at 1.2840 further weighed on short-term sentiment. A…
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Get ready to trade the NFP LIVE with a seasoned analyst! Our resident market strategist David Kindley will be going live to give you exclusive insights into this month’s non-farm payrolls data release. Last month, non-farm payrolls…
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GBPUSD recovers as BoE to hike by 50bp Sterling bounces higher as the Bank of England may deliver its first half-point hike since 1997. The UK’s inflation surged to a 40-year high at 9.4% and could reach a double digit in the…
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Overnight, reports surfaced that the Chinese government was "backing away" from its growth target for this year. The media pointed to a recent Communist Party planning meeting in which the target wasn't mentioned. Remember that the NPC…
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