Orbex - Forex Trading Library

An important question for European asset traders is how much, if at all, the coming winter will be like the last one. The European services economy came to a screeching halt for nearly four months. This was because covid cases spiked across…
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The current NZDUSD structure indicates that a large bullish triple zigzag is forming in the market. This is the cycle wave y of the global uptrend. This zigzag consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ which, in turn, include intermediate…
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S&P500 Fut. (US500): Il Rialzo Per Forza S2: 4,550 S1: 4,635 R1: 4,745 R2: 4,850 L'S&P 500 future ha registrato un lieve rialzo in apertura di ottava, validando nuovi massimi storici, per poi correggere dopo aver segnato…
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GBPUSD hits resistance The pound pulled back after Britain’s retail sales registered a steeper drop to -1.3% in October. The pair has met stiff selling pressure in the supply zone around 1.3510, a support that has turned into…
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EURUSD weakens as ECB remains dovish The US dollar continues to rally on growing policy divergence between the ECB and the Fed. As Europe faces a new spike in covid cases, ECB President Christine Lagarde insisted that tightening now…
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We can assume that USOIL is currently developing a global upward impulse. This includes the primary wave ③. The current chart shows the final part of the primary third wave, where we see the complete correction wave (4) of the…
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Because of supply chain issues, oil prices are one of the biggest factors causing higher inflation. After oil futures crashed into negative last year, they have "overcorrected" and are trading above pre-pandemic levels. This has been a…
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USDCHF seeks support The US dollar stalled after weekly jobless claims came in higher than expected. The pair’s attempt above the daily resistance at 0.9310 suggests that the bulls may have gained the upper hand. Intraday buyers’…
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We're heading into the final round of central bank meetings before the holidays. On top of that, covid cases across Europe and the northern parts of North America continue to rise. With winter setting in, normally this is a time for…
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