Day: August 16, 2015

August 16
2015

Forex Brokers Update — August 16th, 2015

One new broker was added during this week to our list of Forex companies: Darttrader — a funny Russian broker with full-scale references to Star Wars franchise. I am not sure that it is a good idea to keep your money with a broker that does not take trading seriously, but their conditions look to be aimed at hardcore active FX traders: $2 minimum account size, […]

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August 16
2015

GBP/NZD — Transformation into Ascending Triangle

The double top pattern on GBP/NZD @ D1 chart that was spotted by me a week ago has transformed into a classic case of an ascending triangle. Although the double top pattern is not dismissed at this point (it can still work as a sort of a triple top formation), the new case offers a bullish breakout opportunity in addition to the bearish breakout of the previous pattern. As you can see, the yellow lines form the borders […]

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August 16
2015

EUR/AUD Shows Long-Term Ascending Channel

EUR/AUD is currently showing a very interesting pattern with multiple confirmations — a long-term ascending channel with a starting point on May 1 this year. It follows a bearish trend wave beginning in December 2014. The resulting continuation pattern offers a shorting opportunity in case of a bearish breakout. The dashed yellow lines on the image below mark the channel’s borders (note the number of price hits). The cyan line, placed at 10% of the channel’s height […]

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