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Day: May 7, 2017
May 72017
USD/JPY Descending Channel — Bullish Breakout Possible
The daily chart of the USD/JPY currency pair demonstrates a classic occurrence of the descending channel pattern ready for an upward breakout. The channel has formed after the pair had peaked in December of 2016. It lasted long enough and produced a sufficient number of border touches to be viewed as a valid trend continuation formation. The channel is marked with the yellow lines on the chart screenshot below. The cyan line marks my breakout entry point — it is […]
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May 72017
Forex Brokers Update â May 7th, 2017
No Forex brokers have been added during the week that ends today but some broker descriptions have been updated meanwhile: JFD Brokers now offer AgenaTrader and Guidants trading platforms with aim on mobile and web-based trading. Alpari has renewed its currency pairs list. GKFX has revamped its account system focusing on spread types (fixed or variable) and trader status (VIP or not). FIBOGroup […]
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