Orbex - Forex Trading Library

GBPUSD falls into correction The sterling fell back after a slowdown in Britain’s wage growth in November. Sentiment favors the pound after it rallied above the daily resistance at 1.3700. However, an overbought RSI has cut back…
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Tomorrow we get another avalanche of UK economic data just before the market opens. And the key element for the markets is likely to just be the Inflation data. This comes on the heels of better than expected jobs data on Monday. Should…
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The XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. In this chart, we see the final part of the bearish wave y. There is an assumption that in the second half of December, the price reached a peak, which…
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EURUSD seeks support The euro retreated as short-term traders took profit. After a six-week-long consolidation, the euro soared above the supply area at 1.1380 and forced the bears to cover in mass. As the dust settles, a bearish…
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Tonight the BOJ meets for the first policy decision gathering of any of the major central banks. Japan typically doesn't provide a fixed time for when the results will be released, it's just whenever the meeting ends. Nonetheless, this…
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It is assumed that according to AUDUSD, the development of a bearish intervening wave x of the cycle degree occurs. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Apparently, at the time of writing, a bullish intervening wave Ⓧ is…
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USDCHF attempts to rebound The US dollar came under pressure after a contraction in December’s US retail sales. Strong selling pressure from the supply area around 0.9280 has pushed the pair all the way below the daily support at…
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