Orbex - Forex Trading Library

AUDUSD attempts to break out The Australian dollar finds support from a low jobless rate in January. The pair has previously hit resistance in the supply zone around 0.7250. This is a daily resistance from the sell-off in late…
Read More

It's understandable that the price of oil has been fluctuating lately, based on risks around the Russia-Ukraine situation. Arguably, that has been one of the drivers for the increased price lately. This potentially major risk event has…
Read More

BABA suggests the construction of a large bullish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. At the moment, the price is at the end of the primary correction Ⓑ. This correction can take the form of an intermediate triple zigzag…
Read More

USDCAD struggles for support The Canadian dollar rose after January’s CPI exceeded expectations. The recent triple top near 1.2800 at the origin of the January sell-off is a sign of strong bearish pressure. A combination of…
Read More

Over the last few sessions, the Aussie dollar has managed to gain some strength. Partially, that can be due to improved demand for exports. In turn, this means more demand for the currency. However, the major long-term driver for the…
Read More

The USDCHF pair shows the actionary wave y of the cycle degree ended and then the cycle intervening wave x emerged. Judging by the internal structure, the cycle intervening wave x can take the form of a primary triple zigzag…
Read More

EURUSD bounces off support The US dollar retreats as the Fed's half-point hike in March remains uncertain. The euro’s break above the daily resistance at 1.1480 boosted buyers’ confidence after a sell-off in January. It bounced off…
Read More