Orbex - Forex Trading Library

We talked about USDCHF a few sessions back. The current formation hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ and Ⓨ. Waves Ⓦ and Ⓧ were fully completed at the 0.9665 low, whereas wave Ⓨ is more than halfway through…
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A frequent thought among forex traders is how much money could they make through forex trading. There's a realistic scenario, of course, but there's also the theoretical upper limit of possibilities. If you got really ambitious and tried…
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The notion of what constitutes a "stable" currency is a little different for every forex trader because it can have different implications depending on their trading style. For most people, when you ask about the stability of a currency,…
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The US Federal Reserve President Jerome Powell continued with this second day of testimony to Congress. The Fed chair is optimistic that the rate cuts from the central bank will help to revive growth in the United States. Speaking to…
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We talked about the primary ending diagonal pattern forming on SPX500 a couple of weeks ago. It consists of primary waves ①-②-③-④-⑤ with the last wave currently in development. The particular structure suggests that the uptrend could end…
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It appears that Mexico's inflation is finally getting under control. But, at the same time, the economy is starting to sputter. So far it has only barely escaped a technical recession, with growth far from prior levels. But, the Central…
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Fed Chair Jerome Powell started his two-day testimony to Congress. In his opening remarks, Powell said that the central bank was comfortable with the current US rates. He attributed the slowdown in the third quarter due to the…
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The eurozone will be releasing its second revised estimates on the gross domestic product data. The report covers the economic performance for the third quarter ending September. This will be the second revision to the GDP. The…
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USDJPY seems to be nearing the end of a primary bullish impulse pattern consisting of waves ①-②-③-④ and ⑤. With primary and intermediate waves one, two, three and four completed, we can now expect the final leg to finalize minor wave 5,…
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