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Day: January 15, 2017
January 152017
Another Bearish Signal for USD/CAD — Double Top on D1
The Canadian dollar has formed another bearish pattern against its US counterpart — this time on the daily chart. The previous pattern (ascending channel) is still in play but does not look too good. The current pattern is not an ideal double top formation. Yet, the break below this double top’s neckline would constitute a valid entry signal and would definitely reinforce the earlier signal too. The pattern […]
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January 152017
Double Top on CAD/JPY Daily Chart
I am presenting yet another pattern with the Canadian dollar in the main role. The double top on USD/CAD is still a pending one, while the USD/CAD channel is already trading. The double top on CAD/JPY is a bit different in the sense that it is bearish for CAD, not for the other currency. In this case, a successful breakout from this double top will cause the Japanese yen to appreciate versus the loonie. The pattern tops […]
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January 152017
Forex Brokers Update â January 15th, 2017
No new companies have been added during the week, but some of the listed brokers have been updated: FXGlobe no longer has offices in France and Greece. Added British pound and Japanese yen as possible account currencies. No longer offers trading by phone, managed accounts, and free education. Account opening is now simplified by no longer requiring traders to send the paperwork by regular mail. Grand Capital added […]
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