Orbex - Forex Trading Library

The internal structure of BABA shares hints at the formation of a bearish correction pattern. This takes the form of a cycle triple zigzag w-x-y-x-z. Wave y has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The final actionary wave z…
Read More

AUDUSD bounces off major support The Australian dollar recoups losses after better-than-expected job data. The pair has given up most of its gains from the May rally which suggests that risk appetite remains feeble. However, the…
Read More

Up until quite recently, there was a pretty solid consensus that the BOE would follow through on another 25 basis point rate hike at this meeting. But that was thrown into a bit of disarray after the higher-than-expected inflation from the…
Read More

XAUUSD nears critical support Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit,…
Read More

Gold prices collapsed during yesterday’s session as traders returned after a weekend of digesting the latest inflation data. With the US CPI reigniting fears about persistent inflation, will this give the Fed something to think about at…
Read More

The markets were hit by a bucket of cold water on Friday after the release of US CPI data. Inflation once again hit the highest it has been in decades. It prompted a reevaluation of the rate hike trajectory, and whether or not a recession…
Read More

The 1H timeframe for the USDCHF currency shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. Currently, there is a development of the actionary wave z of the cycle degree. The wave z most likely…
Read More

USDJPY consolidates gains The Japanese yen clawed back losses after BoJ boss Kuroda raised concerns about the yen's sharp decline. The pair has been climbing along a rising trend line. The lack of supply zone means that there is little…
Read More