Orbex - Forex Trading Library

In the long term, the GBPJPY pair seems to be forming a large correction trend, taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is visible. It is likely that the wave z takes…
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EURUSD consolidates post-sell-off The US dollar rallies as a 75bp rate hike by the Fed could be on the table. The single currency remains under pressure after last week’s sell-off. 1.0920 has become an important supply area after…
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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 Tuesday, April 26th our seasoned market expert David Kindley will be going live on Zoom to…
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For those following central bank policy, the rise of bond yields around the world is imminent. These have a profound impact on financial markets, especially forex. There is a general push by central banks to raise interest rates in an…
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The current structure of the USDCAD currency pair indicates the construction of a large correction wave IV. This is part of the global cycle impulse. This correction consists of sub-waves Ⓐ-Ⓑ-Ⓒ. On the current chart, we see the final…
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GBPUSD tests critical floor The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound's latest rally came to a halt in the supply zone around 1.3150 which coincides with the 30-day moving average. As the…
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All last week, crude prices trended higher after bouncing off the $100/bbl handle. Despite the extended holiday, there has been some interesting news that could drive the market. One of the bits that got little coverage, but could be a…
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The internal AAPL structure suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. At the level of 150.33, an intermediate correction (4) in the…
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