Orbex - Forex Trading Library

AUDUSD struggles to rebound The Australian dollar recovered after the RBA raised its cash rate for the first time in over a decade. A break below 0.7100 further weighed on sentiment. Caution still prevails as buyers are wary of…
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The internal structure of BABA shares suggests the formation of a global correction pattern. In fact, this takes the form of a cycle triple zigzag w-x-y-x-z. At the time of writing, the price is in the final part of the specified…
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99% of economists agree that the Fed will raise rates by 50 basis points. The remaining 1% say it will be by 75 basis points. With such a strong market consensus, it's unlikely that the rate hike will have as much of an impact since it's…
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EURUSD sees further downside The euro continues to weaken over growth concerns in the eurozone amid the war in Ukraine. A tentative break below 1.0500 further put the euro under pressure. A lack of rebound suggests that the bears…
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Calling all beginner Forex traders! We’ve put together a comprehensive webinar dedicated to teaching you how to trade the financial markets. Next Monday, May 9th at 5 PM GMT, our seasoned market expert David Kindley will be going live on…
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The last time the RBA met, there was a solid consensus that they would keep rates at a historic level of 0.10%. That was based on two main things. Firstly, the inflation data hadn't been released yet, and secondly, Australia was heading…
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The EURUSD currency pair is forming a horizontal pattern. Most likely, a contracting triangle a-b-c-d-e of the cycle degree is under construction. At the time of writing, a bearish wave d is developing, which is a complex triple…
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USDCAD bounces off support The US dollar found support from a rise in personal income in March. The pair previously found resistance at March’s high around 1.2880. A bearish RSI divergence suggests a loss of momentum in the…
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GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone recently by acknowledging that its policy…
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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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