Orbex - Forex Trading Library

EURUSD bounces off support The euro surged over signs that Moscow may remain open to diplomacy. The pair found support at the base of the previous rally (1.1290), indicating the bulls’ commitment to keeping the rebound intact. The…
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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, February 28th, our seasoned market expert David Kindley will be going live on Zoom…
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European indices opened lower across the board today. And there was a strong move into safe haven assets. Geopolitics is likely to be the theme for the next couple of days, as Europe and the US calibrate their reaction to what's going on in…
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The SPX500 shows a major impulse trend with primary wave ③ under development. This is a bullish impulse that contains intermediate sub-waves (1)-(2)-(3)-(4)-(5). The final section of the intermediate impulse wave (5) shows a price…
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USDCHF tests daily support The Swiss franc surges as the US-Russia stalemate boosts demand for safe haven assets. Consecutive drops below 0.9220 and then 0.9180 suggest that sellers have taken control. The greenback is heading…
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There is a pretty solid consensus that the RBNZ will move to raise rates once again by 25 basis points at their next meeting. This could weigh a bit on the stock market, but the currency could continue getting stronger. Global interest in…
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The USDJPY currency pair hints at the final section of the global actionary wave y of the cycle degree. This took the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the last sub-wave Ⓨ is an intermediate zigzag (A)-(B)-(C). Thus, if…
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GBPUSD tests resistance The sterling edged higher after January’s retail sales beat expectations. The recent pause has been an opportunity for the bulls to accumulate. A break above 1.3640 would signal solid buying after previous…
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