Orbex - Forex Trading Library

US stocks closed lower yesterday, with the S&P having its worst first half of the year since 1970. In the last six months, the S&P500 fell 20.6%, whist the Dow and the Nasdaq have fallen by 15% and 30% respectively. On the…
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The current DXY structure hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. Most likely, a cycle actionary wave z is currently under construction. The internal structure of the wave z suggests a triple…
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USDJPY seeks support The US dollar fell back after May’s PCE came out short of expectations. After a brief pullback, the pair found solid support next to the former resistance at 134.30. A pop above the recent high (136.70) suggests…
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With the supply chain issues and rising raw materials costs, we can expect a lot of attention on the latest PMI figures from around the globe. Typically, they set the tone for the markets for the next couple of days. Here are some of the…
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The GBPJPY pair seems to be forming a global corrective trend taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is underway. Wave z takes the form of a simple zigzag Ⓐ-Ⓑ-Ⓒ of the…
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XAUUSD tests key support Gold struggles to bounce higher as the US dollar recovers across the board. The price’s failure to hold above the demand zone around 1818 reveals a lack of commitment from the long side. Instead, rebounds have…
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As we are waiting for the ECB to make its move that would be expected to strengthen the Euro, tomorrow we get some key data that could provide some outline for what kind of policy we could expect. Traditional monetary policy action is more…
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USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the markup of the final primary wave ⑤. This takes the form of an intermediate impulse. In early April, an…
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