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Day: May 6, 2018
May 62018
CAD/JPY Double Top to Put an End to Its Minor Rally
CAD/JPY was trading in a strong downtrend since the beginning on the year, but that decline turned to a minor rally in mid-March. It entered a consolidation phase just less than a month later. The currently visible double top can serve as a reversal pattern to let the currency pair return to its long-term downtrend. On the chart below, you can see the yellow lines marking the tops and the “neckline” of the double top formation. The cyan line will […]
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May 62018
Forex Brokers Update â May 6th, 2018
One new broker has become listed on our website during the week that is ending today: Capital Street FX — an offshore Forex company registered with FSC of Mauritius. The broker uses ActTrader platform for demo and live trading. The minimum account size is $100 and the leverage of up to 1:2500 is available. Capital Street FX Updates to the listed companies this week include: AvaTrade added BTC/JPY, BTC/EUR, and BTG/USD […]
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May 62018
Forex Brokers Update â May 6th, 2018
One new broker has become listed on our website during the week that is ending today: Capital Street FX — an offshore Forex company registered with FSC of Mauritius. The broker uses ActTrader platform for demo and live trading. The minimum account size is $100 and the leverage of up to 1:2500 is available. Capital Street FX Updates to the listed companies this week include: AvaTrade added BTC/JPY, BTC/EUR, and BTG/USD […]
Read more
May 62018
CAD/JPY Double Top to Put an End to Its Minor Rally
CAD/JPY was trading in a strong downtrend since the beginning on the year, but that decline turned to a minor rally in mid-March. It entered a consolidation phase just less than a month later. The currently visible double top can serve as a reversal pattern to let the currency pair return to its long-term downtrend. On the chart below, you can see the yellow lines marking the tops and the “neckline” of the double top formation. The cyan line will […]
Read more