Orbex - Forex Trading Library

EURUSD goes sideways The euro edged higher after an ECB official supported the idea of a stronger currency to combat inflation. The pair is bouncing off December 2017’s lows at 1.0350. The RSI’s oversold situation on both daily and…
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Last week, the CEO of Coinbase, one of the largest crypto trading platforms, made a worrying comment after his firm reported earnings. He said that there was no risk that the company would go bankrupt. Now, he might be right; but the…
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The USDCAD structure indicates the construction of a large correction wave IV. This is part of a global cycle impulse and consists of sub-waves Ⓐ-Ⓑ-Ⓒ. On the current chart, we see the final part of the primary impulse wave Ⓒ. Wave Ⓒ…
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USDCHF grinds higher The US dollar consolidates its gains as traders ponder whether inflation has peaked. A close above the parity, last seen in November 2019 indicates strong bullish sentiment. Trend followers have been eager to buy…
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This week we had a bit of a worrying sign in the markets that has gone largely unnoticed in the major financial news outlets. The yield on the ten-year US Treasury blipped above 3.0% and came back down. It might seem a bit arcane or not…
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The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. At the time of writing, a cyclic actionary wave z is under construction. The internal structure of the wave z suggests a…
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GBPUSD to reach 2-year lows The pound remained under pressure after a slowdown in the UK’s GDP growth in Q1. A break below the lower range (1.2260) of a brief consolidation signalled a bearish continuation. Sterling is heading towards…
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The latest data from the US has been giving some mixed signals about the underlying conditions. That has increased the uncertainty about what the Fed might do at its next meeting. The practical result for us traders is that there is more…
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