Orbex - Forex Trading Library

Calling all beginner Forex traders! We’ve put together a comprehensive webinar dedicated to teaching you how to trade the financial markets! Next Monday, April 11th at 5 PM GMT, our seasoned market expert David Kindley will be going live…
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Last Friday, traders got something of a worrying sign - and then kind of shrugged it off. The yield differential between the 2 year and 10 year US treasury bonds inverted for the first time since the start of the pandemic. This is…
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The current AMZN structure suggests the construction of a simple zigzag consisting of sub-waves a-b-c of the cycle degree. The first major wave a, which includes primary sub-waves ①-②-③-④-⑤, has ended. In the last section of the…
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USDJPY consolidates gains The US dollar gains on the prospect of more sanctions on Russia. On the daily chart, the RSI’s overbought condition led to profit-takings as the bulls became reluctant to outbid each other. Nonetheless, the…
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The AUDUSD has remained relatively flat the last couple of weeks, despite ongoing appreciation in the commodity prices. The Aussie hasn't been able to capitalize on the general inflation environment despite being a commodity currency. In…
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The structure of the USDCHF pair suggests that the cycle wave y has ended. This was followed by the cycle intervening wave x. The intervening wave x takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. Currently, there is a decrease in…
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EURUSD seeks support The US dollar rallied after March’s average hourly wages jumped by 5.6%. The euro came to a halt in the supply zone at the origin of the March sell-off (1.1180). A bearish RSI divergence pointed to softness in…
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AUDUSD awaits RBA outlook The Australian dollar consolidates recent gains ahead of the RBA meeting. The labor market is going strong with unemployment projections to hit 60-year lows later this year. Forecasts for both economic…
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