Orbex - Forex Trading Library

EURUSD hits resistance The US dollar recovers on upbeat manufacturing activity in May. The pair has met stiff selling pressure in the supply zone near 1.0800. A bearish RSI divergence suggests that the rally was losing steam. A drop…
Read More

With the EU agreeing to phase out 90% of Russian oil imports by the end of 2022, spikes in the black gold were felt on both sides of the Atlantic. In addition, China's lockdown easing gave bulls another boost. However, a sell-off then…
Read More

The Canadian dollar has been getting stronger lately, for a variety of factors. The two biggest ones are, of course, oil prices and BOC policy. But they intersect in a particular way which could leave the loonie a bit wobbly over the coming…
Read More

USDCHF struggles to bounce The Swiss franc rallied on stronger-than-expected Q1 GDP. The pair has given up over half of its gains from the April rally as traders moved away from the greenback. Profit-taking and a lack of follow-up bids…
Read More

Tomorrow might have the most important data from Europe for this week. As usual for the start of the month, we get final PMI figures from the whole of the shared economy. With ECB members talking quite a bit about raising rates by 50 basis…
Read More

In the long term, the EURUSD currency pair seems to be forming a bearish corrective trend. This could take the form of a double zigzag consisting of cycle waves w-x-y. Most likely, in the middle of this month, the construction of the…
Read More