Orbex - Forex Trading Library

The current structure of ALIBABA shares suggests the construction of a large bullish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. At the moment, prices are at the end of the primary correction Ⓑ. This correction has the form of an…
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EURUSD bounces back The euro rallies on news that the EU may issue a joint bond to fund energy and defense. The pair found bids near May 2020’s lows (1.0810). An oversold RSI on the daily chart prompted sellers to take profit,…
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Up until about two weeks ago, there was a pretty strong consensus that the ECB would take the first step towards monetary policy normalization at tomorrow's meeting. That's when the covid asset-buying program (PEPP) would run out. There…
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The structure of USDCHF hints that at the end of November, the actionary wave y of the cycle degree ended. This was followed by a cycle intervening wave x. The intervening wave x takes the form of a primary triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag.…
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USDJPY breaks higher The Japanese yen softened after weaker-than-expected GDP in Q4. Despite choppiness in recent price action, confidence in the greenback remains high. A failed attempt at the supply zone (115.80) suggests a lack…
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While everyone has been focused on the horrors of the war in Ukraine, the potential economic fallout has been a little ignored. There have been some passing mentions of the wheat prices, but it still appears to be something only niche…
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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, March 14th at 6 pm GMT, our seasoned market expert David Kindley will be going live…
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