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Day: July 16, 2017
July 162017
Bearish Pennant (Flag) Appears on EUR/CAD 4-Hour Chart
Following the surge of the Canadian dollar on Wednesday, July 12, induced by the central bank’s rate hike, the EUR/CAD currency pair has formed a bearish pennant pattern on its H4 chart. Although it resembles a flag pattern, the converging edges make it technically a pennant. The chart screenshot below shows the pennant formation marked by the yellow lines. The cyan line marks the entry level positioned at 10% of the pennant’s height below the lower border. […]
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July 162017
Forex Brokers Update â July 16th, 2017
One new company has been added to the list of Forex brokers this week: FXPIG — an offshore broker with a Vanuatu license. It offers trading via MT4 and cTrader platforms with a minimum of $500 balance and a maximum of 1:400 leverage. FXPIG Some listed brokers have been updated: RoboForex description now mentions the company’s Umstel account type tailored for stock trading. Both Liteforex and Liteforex (Europe) added trading […]
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