Orbex - Forex Trading Library

EURUSD bounces off support The euro bounced after ECB Vice President dismissed the possibility of stagflation. A tentative break above the supply zone around 1.1130 has prompted sellers to cover their bets, easing the downward…
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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…
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Tomorrow there are two major, potentially market-moving events in the UK. First is the release of the latest inflation numbers, and second is Chancellor Sunak's presentation before Parliament of the so-called "spring statement". And there…
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Boeing shares continued more downside pressure after an unfortunate airplane crash yesterday. The stock was down by almost 6% in pre-trading, after recovering slightly during the session. With India’s aviation regulator grounding all…
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In the long term, the XAUUSD pair is likely to form a global correction trend. This takes the form of a cycle triple zigzag. On the current chart, we see the final part of the completed actionary wave y of the cycle degree. This is a…
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AUDUSD retreats from resistance The US dollar strengthened after Fed Chair Jerome Powell said to speed up rate hikes if necessary. The pair previously found support around 0.7170. A bounce above 0.7360 suggests solid interest in the…
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Over the last week, Chinese stocks have fallen dramatically. Of course, other markets have had substantial drops over-generalized risk-off moves around the war in Ukraine. The drama of the war has overshadowed a lot of financial markets.…
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Oil looks to recover from last week’s losing streak as the black gold looks to close in on $110. Hopeful peace talks between Russia and Ukraine halted, which saw a surge in prices once again. With OPEC so far not looking likely to…
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AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, a bullish intervening wave Ⓧ is under development. This can take the form of an intermediate triple (W)-(X)-(Y)-(X)-(Z) zigzag. Wave (Z) is…
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USDCAD tests critical floor The Canadian dollar rose after January’s retail sales numbers beat market expectations. A fall below 1.2690 has forced buyers to bail out, invalidating the rebound from early March. The greenback is…
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