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Day: February 5, 2017
February 52017
GBP/CHF Consolidated in Triangle, Ready for Breakout
The British pound looks to be prepared for a continuation of its long-term downtrend against the Swiss franc. The GBP/CHF currency pair has formed a nearly perfect symmetrical triangle on its weekly chart. A downtrend breakout would definitely mean a bearish trend here. The triangle is bordered with the yellow lines on the chart screenshot below. The cyan line is my entry level, which is positioned at 10% of the triangles width (at base) subtracted from […]
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February 52017
Forex Brokers Update â February 5th, 2017
One new Forex broker has been added during the first week of February: Financial Spreads — an introducing broker for the UK-regulated company FINSA Europe Ltd. The broker offers spread betting and CFD trading with tight fixed spreads using CloudTrade platform. Accounts can be opened with as little as $1. Financial Spreads Updates to existing brokers included: HotForex no longer offers social trading accounts. Reduced the minimum […]
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