Orbex - Forex Trading Library

NZDUSD tests resistance The New Zealand dollar rallies over improved risk sentiment. The pair is grinding its way up to the key resistance (0.6560) on the daily chart. Short-term sellers have covered some positions, but renewed…
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EURUSD recovers as ECB turns hawkish The euro leaps to a four-week high against the US dollar as the ECB sends hawkish policy signals. ECB boss Christine Lagarde said interest rates could be back in positive territory by the end of…
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The GBPUSD has been moving higher. But a quick look at the dollar index suggests that it's largely due to a weaker greenback than a strength in the pound. The GBPEUR cross is largely flat over the last month. Generally negative news from…
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With US economic growth starting to slow and the economy apparently decelerating in the coming months, is the worry of a recession looming? With YoY GDP growth declining from 12.2% in Q2 of 2021 to 3.5% in the Q1 of this year, traders…
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The current formation of AAPL shares hints at the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the last in the cycle impulse a. Most…
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USDJPY struggles for support The yen inched higher after Japan’s CPI beat expectations in May. A fall below the daily support at 127.00 has prompted more buyers to bail out. This confirms the pair’s overextension over the past few…
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Recently, the focus has been on retail sales to see how fast they were growing as the economy came out of the pandemic recession. Now, attention is returning to retail sales, but to see how much they are falling due to erosion of purchasing…
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XAUUSD is forming a global corrective trend which takes the form of a cycle triple zigzag. On the 1H timeframe, we see the final part of the completed actionary wave y in the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.…
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NZDUSD tests key resistance The New Zealand dollar jumped after the RBNZ raised interest rates by another half a point. The recovery came under pressure in the supply zone between the 30-day moving average (0.6500) and daily resistance…
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