Orbex - Forex Trading Library

The internal structure of the USDJPY currency indicates the formation of a global impulse trend, which consists of cycle waves. On the 1H timeframe, we see the final part of the sideways correction IV, which is a primary triangle.…
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USDCAD attempts to rebound The Canadian dollar softened after a slowdown in April’s CPI growth. The US dollar is seeking support after it broke above December’s high at 1.2960. The pair is testing the origin of the previous bullish…
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At their last meeting, the RBA caught most economists by surprise, raising interest rates by 25bps to an unusual level of 0.35%. Most analysts expected no move, and those who did, figured the Reserve Bank would align policy at 0.25%.…
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AMAZON shares show the formation of a zigzag consisting of sub-waves a-b-c of the cycle degree. In the last section of the chart, we see a decrease in the price, which could indicate the beginning of the construction of a bearish…
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GBPUSD tests daily resistance The pound surged after the UK saw a jump in average earnings over the past three months. Solid bullish momentum above 1.2400 has prompted sellers to cover their positions, exacerbating volatility in the…
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Inflation expectations are what's driving monetary policy, and the respective reaction in the markets. Depending on what we get in the data, we could see some strong moves in currency pairs. Earlier today cable had a 1% move after jobs data…
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The XAGUSD pair hints at the development of a long correction wave b of the cycle degree. Wave b, judging by the shape, is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ will be an intermediate triple zigzag…
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