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Day: June 10, 2012
June 102012
AUD/NZD Consolidates into Symmetrical Triangle on W1
After a short-termdouble top formation on Aussie/Kiwi failed last week, something new is emerging in the same currency pair. A multi-year bullish trend that has started for AUD/NZD back in 2002 is now at a test by consolidation, which is taking a form of a symmetrical triangle on the weekly chart of this Forex pair. Please refer to the chart below to see the pattern (yellow lines), breakout entry levels (cyan lines) and the moderately conservative targets […]
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June 102012
GBP/NZD Double Bottom with Pullback
A long-term descending trend on GBP/NZD is about to end in a double bottom pattern, which has started to form back in May 2011. The pattern is accompanied by a pullback from its top border — it is not unusual for the double top/bottom formations to produce such pullbacks before a final breakout. So in this case I will disregard this “warning sign”. You can see the borders of this Forex formation marked with […]
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June 102012
Forex Brokers Update — June 10, 2012
This is an overview of the changes to the Forex broker listings for this week: New broker added: Capital CFDs — a British-Australian broker regulated by both FSA and ASIC. They offer Forex and CFD trading services via MetaTrader 4 and their proprietary trading platform: Capital CFDs Only one update in the existing listings: EXNESS now supports QIWI for payments and withdrawals. If you have any questions or comments regarding any of the latest […]
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