Orbex - Forex Trading Library

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…
Read More

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…
Read More

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…
Read More

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…
Read More

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.…
Read More

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…
Read More

In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
Read More

Usually, the White House is the economic cheerleader for the nation. But over the weekend, economic adviser Brian Deese was on CNN, and refused to rule out that a recession was coming. "There are always risks," he said, stating the obvious…
Read More