Orbex - Forex Trading Library

XAUUSD is forming a global corrective trend which takes the form of a cycle triple zigzag. On the 1H timeframe, we see the final part of the completed actionary wave y in the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.…
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NZDUSD tests key resistance The New Zealand dollar jumped after the RBNZ raised interest rates by another half a point. The recovery came under pressure in the supply zone between the 30-day moving average (0.6500) and daily resistance…
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In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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Usually, the White House is the economic cheerleader for the nation. But over the weekend, economic adviser Brian Deese was on CNN, and refused to rule out that a recession was coming. "There are always risks," he said, stating the obvious…
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The current chart of the SPX500 index shows the development of a major impulse trend. It is assumed that the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse with…
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USDCHF struggles for bids The Swiss franc rallied further after the SNB said it would tighten if inflation persisted. The pair has given up more than half of its gains from the past month. A fall below 0.9710 which sits on the 30-day…
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The Fed rate hike trajectory is under renewed scrutiny after the S&P 500 officially fell into a bear market. The consensus that the Fed will hike by 50 basis points at the next meeting remains intact. But there are starting to be doubts…
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Wall Street has a reprieve yesterday as the Dow jumped 600 points as concerns continued over a possible recession. The move came as the markets staged a rebound from last week’s steep market sell-off. So, was this move simply a…
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