Orbex - Forex Trading Library

The current USDCHF structure shows a cycle triple zigzag consisting of sub-waves w-x-y-x-z. The final corrective wave z is under development and takes the form of a triple zigzag. This consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In the…
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Through most of the summer, it appeared that the RBA had hit the bottom of their cutting cycle. And it was just a matter of how long the reference rate would stay at 0.25%. The lockdown in the state of Victoria, however, has changed the…
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CRUDE OIL (US Crude Oil): Scenario Tecnico Anomalo S2: 35.42     S1: 36.24     R1: 38.26     R2: 39.46 Il quadro tecnico generale evidenzia in linea teorica, lasciando emergere delle anomalie tecniche di fondo, uno sganciamento…
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EURGBP Retreats on Signs of Brexit Progress The pound sterling could be the mover and shaker after Brexit headlines kicked off volatility at the end of last week. EU officials have confirmed that both sides are in talks of ‘next…
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Last week’s highlights China manufacturing sector continues to rise Manufacturing activity in China showed a strong increase in September after the economy ended lockdown measures a few months ago. This was according to the data from IHS…
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The S&P500 index managed to climb its way back up to the 3388 level where resistance has already been established. Following the market route in September, the equity markets have now been hit by the uncertainty of the US elections…
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The precious metal closed on Friday with some modest declines. But overall price action shows that we could see some consolidation taking place near the 1900 - 1911.50 level. Given that this level previously served as support,…
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Oil prices continue to move lower, marking a second consecutive week of declines. Following the breakdown below the 38.83 level of support, oil prices are now trading close to the 36.5 level of support. A retest of this support is…
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The British pound sterling recovered from the losses in the week before, by closing last week with gains. Price action remains flat both on the weekly charts as well as on the 4-hour chart time frame. Trading within the 1.3000 and the…
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The euro has been trading somewhat mixed with price action perched near the 1.1715 - 1.1700 region. On a weekly basis, the euro closed last week with gains. It also managed to offset some of the losses from the prior week. So far, the…
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