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Day: December 22, 2013
December 222013
Forex Brokers Update — December 22nd, 2013
One new broker was added to our list this week: TenkoFX — a Russian Forex broker with New Zealand registration and regulation. They offer two platforms: MetaTrader 4 and cTrader. In addition to standard account type with fixed spreads, ECN accounts are available with low variable spreads. TenkoFX Some changes to the existing broker listings this week: FIBOGroup now supports cTrader platform on demo and live […]
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December 222013
Valid but Rough Double Top on EUR/USD Daily Chart
Although the current EUR/USD chart on D1 timeframe does not look like a classic example of a double top formation, it is a valid set-up if you want to trade on a reversal of the medium-term bullish wave that was active since July this year. There are two signs that prevent the current pattern from qualifying as pure double top: first peak is somewhat taller than the second one; […]
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December 222013
NZD/JPY Shows Ascending Channel with Unclear Consequences
NZD/JPY pair is currently showing a rather well-defined ascending channel pattern on its daily chart. A downward breakout from this channel will most probably mean a significant correction in the currency pair’s medium-term uptrend. An upward breakout would mean an intensification of the bullish rally, which I would not count as a reliable signal. The yellow channel borders delimit the channel on the chart below. The cyan entry levels are placed above and below […]
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