Orbex - Forex Trading Library

The AUDUSD currency pair suggests the development of a bearish intervening wave x of the cycle degree. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, a bullish intervening wave Ⓧ is formating, taking the form of an…
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USDCAD(USDCAD): Prove Tecniche Di Inversione S2: 1.241 S1: 1.259 R1: 1.269 R2: 1.278 L’uscita sopra quota 1.245 ha portato all’approdo sulla resistenza a 1.27 e rafforzato il trend di breve di USDCAD, anche se le pressioni…
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EURUSD struggles to rebound The euro bounced back after PMI readings in the eurozone exceeded expectations. The pair is testing July 2020’s lows around 1.1200. The RSI’s oversold situation on the daily chart may limit the downward…
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The formation of the USDCNH currency pair involves the development of a large intervening wave x of the cycle degree. It is a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The final primary wave Ⓨ is currently under development. Apparently, wave Ⓨ takes…
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Tomorrow we have the release of two key bits of data for the US economy. And the consensus among analysts points in opposite directions. One could point out that they cover separate months, but it appears it has more to do with focusing…
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NAS 100 pulls back Investors took profit after Jerome Powell’s renomination as US Federal Reserve Chairman. The tech index saw an acceleration in its rally after a break above the previous peak (16450). Strong momentum suggests that…
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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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