Orbex - Forex Trading Library

The structure of the DXY index suggests the development of a large triple w-x-y-x-z zigzag of the cycle degree. At the level of 94.593, the construction of the cycle intervening wave x possibly ended. This is a triple zigzag marked…
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USDCAD breaks higher The US dollar bounces back as traders pile into safer currencies at the expense of commodity assets. The previous rally above the supply zone at 1.2800 has prompted sellers to cover. Then a follow-up pullback…
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The current AAPL structure suggests the development of the primary fifth wave, taking the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final part in the cycle impulse a. It is likely that…
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Overall, there is a correlation between the stock market and currency markets. Usually, when a country's stock market increases, its currency decreases, and vice versa. But we are in extraordinary times. And there are some worrying signs…
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USDCHF struggles for support The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision. Sellers’ previous attempts to push below 0.9150 have…
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EURUSD falls as the prospect of rate hike fades The euro tumbles as traders cut their ECB rate hike wager. A dovish statement from the central bank is expected this week as the war at the gate of the eurozone intensifies. Surging…
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Since the beginning of February, the spot price of gold has been moving higher. Generally, when the expectation is for interest rates to go up, the price of gold drifts down. But, the concern over a potential invasion of Ukraine by…
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The current structure of the USDCAD indicates the formation of a bullish zigzag Ⓩ. This consists of sub-waves (W)-(X)-(Y) and it's a double zigzag. Wave Ⓩ is part of the global cycle correction b. It seems that the intermediate…
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USDJPY tests supply area The Japanese yen stalled after an increase in January’s unemployment rate. The pair’s rally above the supply zone around 115.80 has put the US dollar back on track. The general direction remains up despite…
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Last month's NFP figures took everyone by surprise, coming in well above even the most optimistic expectations. It was one of many factors contributing to speculations that the Fed would become increasingly hawkish. That, in turn, helped…
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