Orbex - Forex Trading Library

AUDUSD breaks higher The Australian dollar climbs as traders wager on a hawkish shift from the Reserve Bank of Australia. On the daily chart, a break above the 30-day moving average suggests improved sentiment in the short term. The…
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Following the OPEC+ meeting last week, WTI crude prices increased substantially, marking further consecutive multi-year highs. Over the weekend, some analysts wondered if crude would reach the $100/barrel mark, an important psychological…
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The structure of the USOIL waves shows us that a large bullish impulse trend is developing in the market, consisting of primary sub-waves ①-②-③-④-⑤. The chart shows the structure of the waves ④ and ⑤. We see that the correction ④…
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EURUSD hits resistance The euro fell back after ECB President Lagarde tried to cool rate hike expectations. The rally came under pressure at the January peak of 1.1480. The RSI’s overextension at this daily resistance prompted…
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Next Thursday we get the latest inflation data from the US, and overall, it could be bad news for the economy. However, there is so much agreement that inflation is going to be high, and most investors are pricing in a rate hike by the Fed…
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The XAGUSD pair shows the development of a long-term correction wave b, which forms a pullback to the bullish impulse a. Wave b is a triple zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of this triple…
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XAUUSD breaks resistance Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSI’s oversold signal attracted some buying interest and…
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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 14th  at 6 pm GMT, our seasoned market expert David Kindley will be going…
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