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Day: July 21, 2013
July 212013
Forex Brokers Update — July 21st, 2013
For the fifth week in a row, there is not a single new company to report about, but this time there are six brokers with significant updates to their listing profiles: MyTrade Markets now offers a Chinese-language websites to its visitors. Ava FX rebranded to AvaTrade. No longer supports Greek, Swedish and Turkish websites. LiteForex completely revamps its account type system. Now offers six account types […]
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July 212013
Curious Ascending Channel on CHF/JPY
CHF/JPY daily chart is now showing a curious example of an ascending channel pattern. It is composed purely of bullish candles. It is a 7-day period of non-stop growth. Since ascending channel is a reverse pattern, a bearish breakout looks even more logical in this situation as the Swiss is certainly in an overbought zone against the Japanese yen now. Although the pattern itself is marked as usually: yellow lines make […]
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