Orbex - Forex Trading Library

EURUSD tests resistance The US dollar stalled over improved risk appetite. The pair is consolidating near June 2020’s lows. A bearish breakout would further extend the downtrend. The euro so far has found buyers at 1.1235. The bulls…
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In the long term, the GBPJPY currency pair is most likely moving within a cycle impulse. Now the third part of this impulse, wave III is under development. The second half of the powerful impulse wave III is visible in the 1H…
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The news around the omicron variant has been pushing the markets around quite a bit over the last few days. What's worse for traders, is that a lot of the news is not predictable, even if you go through as much of the available data as…
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XAUUSD seeks support Gold softens as the US dollar edged higher. A surge above 1788 and then 1808 has prompted the bears to cover. The precious metal is looking for support after the breakout stalled with an overextended RSI. A…
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Normally, as the end of the year approaches, housing activity in the US slows down. It's seasonally normal for new house completions, sales, and even price drops. There are several reasons for it, from people focusing more on the holidays,…
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The current XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. On this chart, we can see the final part of the bearish wave y. There is an assumption that the price has reached a peak. In turn, this means…
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AUDUSD sees limited rebound The Australian dollar softens over dovish RBA meeting minutes. The pair has met stiff selling pressure near the 30-day moving average (0.7220). On the hourly chart, a bearish MA cross and a break below…
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AUDUSD suggests the development of a bearish intervening wave x of the cycle degree. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Apparently, at the time of writing, a bullish intervening wave Ⓧ is under development. This can take the form…
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Over the weekend, we had the somewhat shocking news that the chief Brexit for the UK, Lord David Frost, had tendered his resignation, effective immediately. Naturally, that set off alarm bells that something might be wrong with the UK-EU…
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