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Day: March 4, 2018
March 42018
NZD/USD Could Tank Following Double Top Formation
Having bounced twice from the horizontal resistance level near 0.7436, the New Zealand dollar has seemingly stopped its advance against the US counterpart. The uptrend, which lasted from mid-November last year through late January this year, is now crowned with a double top pattern. A downside breakout through the pattern’s middle point would trigger a sell opportunity. The yellow lines mark the tops and the “neckline” of the pattern. […]
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March 42018
British Pound in Uptrend Consolidation vs. Aussie
A rather short-lived uptrend on the GBP/AUD daily chart that lasted from January 11 through February 8 has ended in a consolidation pattern known as a symmetrical triangle. The triangle is a continuation formation, which would prompt us to buy the currency pair should the bullish breakout occur. The image below shows the triangle’s sides marked with the yellow lines. My potential entry level is marked with the cyan line — it is […]
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March 42018
British Pound in Uptrend Consolidation vs. Aussie
A rather short-lived uptrend on the GBP/AUD daily chart that lasted from January 11 through February 8 has ended in a consolidation pattern known as a symmetrical triangle. The triangle is a continuation formation, which would prompt us to buy the currency pair should the bullish breakout occur. The image below shows the triangle’s sides marked with the yellow lines. My potential entry level is marked with the cyan line — it is […]
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March 42018
Forex Brokers Update â March 4th, 2018
Two weeks have passed since the last broker update. One new broker has been added during the period: Big Boss — an offshore Forex broker that is focusing on Bitcoin deposits and withdrawals and is offering a large set of trading instruments. In addition to a fancy name, it has a fancy maximum leverage size — 1:555. Big Boss Meanwhile, we had quite a few updates to other listed brokers: eToro […]
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