Orbex - Forex Trading Library

The current SPX500 structure suggests that the cycle degree impulse wave is now completed on a fresh high. The bullish wave consists of primary sub-waves ①-②-③-④-⑤. With the conclusion of intermediate wave (5) near 3383 we presume that…
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The week is going to close with a bang for euro traders. There is a host of economic data coming out in the morning that routinely riles up the markets. Key among them is the much anticipated quarterly GDP figures from Germany and then…
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The monthly retail sales report will be coming out tomorrow. The retail sales report will indicate the level of spending by US consumers at retail outlets during the first month of the year. The overall consensus for January is somewhat…
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Equity markets are holding steady as they trade close to the all-time highs. This comes amid a mixed investor sentiment. Gold prices also continue to hold steady. The economic calendar is generally quiet and Powell’s speech did not give…
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The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ.  Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves…
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Mexico no longer has the highest interest rates in the world. But, that doesn't mean their central bank isn't still looking to ease further. Inflation hasn't picked up significantly since the Banxico embarked on its latest easing cycle.…
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CRUDE OIL WTI : Onda 4 in definizione S2: 48.76     S1: 49.16     R1: 50.23     R2: 51.30 Perfetto il timing di approdo sulla parete inferiore del canale di regressione segnalato in precedenza in area 49.50 (Minimo fatto a 49,42)…
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The Keltner channel is an indicator used in the technical analysis. It was designed by Chester W. Keltner and was published in his book in the 1960's. Despite being quite old, the Keltner channel is a respectable and one of the popular…
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A day after equity markets turned cautious, investor appetite was slightly bullish. A lack of economic fundamentals has kept the markets flat. The coronavirus, however, is keeping investors on the edge with some fund managers claiming…
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The XAUUSD formation hints to a triangle correction pattern consisting of waves (A)-(B)-(C)-(D)-(E). Its structure suggests that intermediate wave (D) is a standard zigzag of the minor degree and has not yet been completed. This…
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