Orbex - Forex Trading Library

GBPUSD attempts to rebound The sterling consolidates as BOE officials stress due to inflationary pressure from a tight labor market. So far, rebounds have been an opportunity for trend followers to sell into strength. The pound is…
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After the last RBA meeting, there was a bullish outlook for the AUD. The Reserve Bank upgraded its targets and brought forward their guidance for when rates might lift off. The economy looked like it was back on solid footing after the…
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The BABA formation suggests the construction of a large bullish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. Apparently, at the time of writing, we are in the final part of the primary correction Ⓑ. This correction can take the form of an…
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USDCHF struggles to bounce The US dollar softened after November’s nonfarm payrolls missed the mark. The pair has met stiff selling pressure at 0.9270, a former support that had turned into a resistance. The bullish RSI divergence…
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AUDUSD softens ahead of RBA meeting The Australian dollar slipped as markets switched to risk-off. Weakness in commodity currencies underlines risk aversion going into another covid winter. Australia's economic slowdown in the…
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The current USDCHF structure indicates the end of the actionary wave y of the cycle degree. This is followed by a cycle intervening wave x. The initial part of the wave x can be a standard zigzag and will consist of main sub-waves…
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XAUUSD tests key support Gold treads water as markets await US jobs data release. The metal remains under pressure after it failed to maintain bids above 1780. Sellers are testing the daily support at 1760. A bearish breakout would…
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Every new bit of information about the omicron variant of covid has been jostling the markets lately. So. many might have forgotten that tomorrow is the release of NFP data. On the other hand, maybe for some, it might seem like "old" data,…
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The current AMZN structure shows a bullish impulse. This includes the formation of a deep fourth wave of the primary degree. The primary correction wave ④, apparently, takes the form of an intermediate triple combination…
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