Orbex - Forex Trading Library

USDCAD bounces off support The US dollar found support from a rise in personal income in March. The pair previously found resistance at March’s high around 1.2880. A bearish RSI divergence suggests a loss of momentum in the…
Read More

GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone recently by acknowledging that its policy…
Read More

Get ready to trade the NFP LIVE with a seasoned analyst! Our resident market strategist David Kindley will be going live to give you exclusive insights into this month’s non-farm payrolls data release. Last month, non-farm payrolls…
Read More

Yesterday, markets got a bit of a surprise as US Q1 GDP was reported at -1.4% on an annualized basis. This was well below the 1.0% growth expected. Various news agencies provided headlines to soften the implications of the first negative…
Read More

The internal structure of the NZDUSD pair hints at a cycle zigzag pattern that consists of sub-waves a-b-c. On the chart, we see the end of a large correction wave b of the cycle degree. It took the form of a primary triple zigzag…
Read More

USDJPY breaks higher The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch…
Read More

The last day of the month could be quite busy for euro traders. There are two key data points coming out that should shake up the market. Both are not only key to where the shared economy is going but these could be pivotal in determining…
Read More

The current SPX500 structure hints at the formation of a major impulse trend. The primary wave ③, which is part of the cycle impulse V, is currently developing. It is a bullish impulse marked by intermediate sub-waves…
Read More