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Day: May 5, 2013
May 52013
Loose Bullish Pennant on EUR/JPY Daily Chart
Daily EUR/JPY chart shows a minor pennant formation. It is not a very powerful example of a chart pattern, but with the continuing yen weakness and a seeming predisposition of the FX investors to favor euro, it may provide a nice bullish entry signal. The “pole” bar of the pennant has formed on April 4, and the pennant part has been forming for about 3 weeks. The chart below shows the pole and the pennant marked with […]
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May 52013
Forex Brokers Update — May 5th, 2013
One new broker has been added this week: ZlatFX — an unregulated Russian Forex company with offices in Hong Kong and Russian Federation. They offer only MetaTrader 4 accounts but have variety of them — from as low as $100 for micro-lot account to $5,000 for ECN account, to $50,000 for pure STP execution. Only currency instruments are offered for trading. ZlatFX Other brokers have got updated during the week: […]
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