Orbex - Forex Trading Library

It's common knowledge that the chronic problem the BOJ has had to deal with is low inflation. But, inflation is unlikely to pick up if consumers are unwilling to spend. So, keeping an eye on consumer sentiment can give us some advance…
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USDCAD seeks support The Canadian dollar edged higher after Q3’s GDP beat expectations. A bullish MA cross on the daily chart indicates a bullish bias in the US dollar’s favor. The break above the resistance at 1.2770 suggests that…
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The formation of the DXY stock index suggests the development of a large triple zigzag consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we see the second half of a large average wave y, which has the form of a double zigzag…
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Usually, the first couple of days of the month have extra volatility as the major economies report PMI data. However, this month seems to have coincided that virtually all of the market movers will be reporting on the same day. The…
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USDJPY tests daily support The yen consolidates gains after a drop in Japan’s unemployment rate. The pair has met stiff selling pressure at March 2017’s high (115.50). The drop below 114.80 then 114.00 has forced short-term…
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As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as "omicron". And now we all want to know what that means for the markets going…
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In the long run, GBPJPY seems to be forming a cycle impulse. Now the third part of this impulse, wave III, is under development. Only the second half of the bullish impulse wave III is visible on the current chart. It seems that the…
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DAX Fut. (DE30): Attesa Una Stabilizzazione In Area 15,500 S2: 14,945 S1: 15,050 R1: 15,450 R2: 16,120 Nulla cambia per Il DAX future, anche se sottoposto in chiusura di settimana, ad una fortissima pressione distributiva, innescata…
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EURJPY breaks double bottom The safe-haven Japanese yen soars on news of a vaccine-resistant covid variant. A bearish MA cross on the daily chart indicates weakness in the euro’s previous rebound. The pair has closed below last…
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