Day: October 2, 2016

October 2
2016

Forex Brokers Update — October 2nd, 2016

One new company has been added to the list of Forex brokers this week: Land-FX — a British broker with regulation by FCA and FSP (New Zealand). It is an MT4 broker. Their standard accounts start with $300 and their ECN accounts start with $2,000. The maximum FX leverage is 1:500 on the former and 1:200 on the latter. Land-FX The list of changes to the already listed brokers includes only two items this […]

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October 2
2016

USD/JPY to Follow CAD/JPY in a Triangle Pattern?

It was not easy to decide whether it should be called a descending triangle or a symmetrical one. In reality, it is something in between, but the descending triangle looks to be a more appropriate designation for this USD/JPY pattern because the lower border’s slope is significantly less pronounced than the upper one’s. The formation serves as a long-term consolidation following a year-long downtrend in the currency pair. It is also correlated with […]

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