Orbex - Forex Trading Library

Despite two back-to-back interest rate hikes by the BOE, the pound has been showing some weakness recently. That might be the product of current events having more influence than the longer-term trend. Could another rate hike at…
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The current formation of the NZDUSD pair hints at a cycle zigzag pattern that consists of sub-waves a-b-c. On the current chart, we see the second half of a major correction wave b of the cycle degree. It looks fully complete, taking…
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USDCHF breaks major resistance The US dollar continues upward as the Fed is set to increase its interest rates by 25bp. The rally sped up after it cleared the daily resistance at 0.9360. The bullish breakout may have ended a 9-month…
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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 Monday, March 21st at 6 pm GMT, our seasoned market expert David Kindley will be going live…
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Firstly, let's get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps.…
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EURUSD assumes the construction of a downward correction pattern. This takes the form of a triple zigzag of the primary degree, consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the bearish primary wave Ⓨ has ended, which took the…
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EURUSD struggles to rebound The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows around 1.0800. The RSI’s oversold condition on the daily chart…
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