Orbex - Forex Trading Library

The formation of the USDJPY currency pair hints at a triple zigzag. The structure consists of primary waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. With four parts out of five parts fully completed wave Ⓩ is currently under construction. It could take the form of an…
Read More

DAX Fut. (DE30): In Attesa Di Un Nuovo Allungo Sopra I Massimi S2: 15,498 S1: 15,638 R1: 15,961 R2: 16,144 Chiusura di settimana in ribasso per il DAX future, che non riesce a sopravanzare i massimi assoluti segnati lo scorso 13…
Read More

GBPUSD rises to daily resistance The US dollar tumbled after a worse-than-expected jobs report. The pound had held well above the former resistance level of 1.3780. The long side gained confidence while the short side gave up.…
Read More

EURUSD climbs as price pressure rises The euro inched higher supported by improved economic data. Inflation in August overshot to a decade high by a full percentage point above the central bank’s target. This has placed…
Read More

The XAUUSD structure hints at a triple zigzag in the intermediate correction wave (4). It consists of minor sub-waves W-X-Y-X-Z. With the second wave X having completed fully we expect minor wave Z to send prices lower. A closer look at…
Read More

The US hitting a debt ceiling and having issues making payments is pretty much a recurring theme. There is often a resolution before it affects the markets. But if politicians in Washington get caught up over something, it can lead to…
Read More

Dow Jones Industrial (US 30): Tentativo Di Attacco Ai Massimi S2: 34,600 S1: 35,000 R1: 35,500 R2: 36,000 Dow Jones Indutrial continua a strizzare l’occhio ai massimi storici preparando un nuovo tentativo di attacco. Il clima è…
Read More

USDCHF awaits catalyst The US dollar consolidates as traders reposition themselves ahead of nonfarm payrolls. The pair has been changing hands in a narrow range between 0.9100 and 0.9200. Multiple attempts at both ends suggest a…
Read More