Orbex - Forex Trading Library

Analysts largely expect the BOE to be one of the first of the major central banks to raise rates. That said, there is a considerable debate among them about whether it will be at this meeting or at the next. The decision comes fast on…
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The current XAGUSD structure suggests the development of a correction, which takes the form of a cycle triple w-x-y-x-z zigzag. At the moment, the actionary wave y is under development, which takes the form of a bearish triple zigzag of…
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AMAZON (AMZN.OQ): Oltre Un Anno In Ampio Trading Range S2: 3,169 S1: 3,270 R1: 3,476 R2: 3,580 Da un’attenta analisi dell’FCF Stock Checkup si evince un indebolimento strutturale di Amazon che hanno una classificazione IBD Composite…
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AUDUSD breaks lower The Australian dollar softened after a dovish RBA stressed that inflation was still too low to hike soon. The pair has met stiff selling pressure near last July’s high of 0.7550. While sentiment has turned…
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Back in September, the FOMC said that they would start reducing the number of asset purchases in the near future. The market broadly interpreted this to mean that they would start in two months' time. Now we're at that point. And so…
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For the AUDUSD currency pair, we can assume that a bearish intervening wave x of a cycle degree is forming. It hints at a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. The bullish intervening wave Ⓧ is currently under construction, which takes the form of an…
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USDCAD consolidates at 4-month low The US dollar retreats ahead of this week’s FOMC as traders await further catalysts. Price action has stabilized above 1.2300, a major demand zone from last summer. 1.2430 from the latest sell-off…
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There has been some good news recently in Australia in the fight against covid. But, the consensus among analysts seems that it's not enough to keep the RBA from taking action. There are a couple of options on the table for what the…
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