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Day: July 8, 2018
July 82018
Forex Brokers Update â July 8th, 2018
There were just a few updates worth mentioning this week: IQ Option added lots of new currency pairs and CFDs. Bitcoin trading with 1:100 leverage has been added for traders who operate via IQ Option’s unregulated legal entity. easyMarkets launched trading in ETH/USD and XRP/USD cryptocurrency pairs. ThinkMarkets updated the variable spreads in Pro and VIP account types. iFOREX rebranded its European part of brokerage […]
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July 82018
EUR/AUD Consolidated in Symmetrical Triangle Following Uptrend
If you look at the four-hour chart of EUR/AUD, you can notice that the currency pair had spent roughly a month in an uptrend. The growth stalled near the end of June and has formed a rather smooth symmetrical triangle pattern since then. Such a classic continuation setup allows us to attempt catching a bullish breakout from the triangle. The symmetrical triangle is marked with yellow borders. You can see a potential entry […]
Read more
July 82018
Bullish Pennant on Daily Chart of CAD/JPY
After a strong rally during June 28–29 trading session, CAD/JPY entered a minor consolidation. The formed pattern looks like a bullish pennant albeint an imperfect one (there is a slight upward slope). A bullish breakout would mean a continuation of the previous rally. The yellow lines mark the pole and the borders of the pennant. The cyan line will serve as my entry level. It is placed at 10% of the pole’s length above the upper border. I will […]
Read more
July 82018
EUR/AUD Consolidated in Symmetrical Triangle Following Uptrend
If you look at the four-hour chart of EUR/AUD, you can notice that the currency pair had spent roughly a month in an uptrend. The growth stalled near the end of June and has formed a rather smooth symmetrical triangle pattern since then. Such a classic continuation setup allows us to attempt catching a bullish breakout from the triangle. The symmetrical triangle is marked with yellow borders. You can see a potential entry […]
Read more
July 82018
Bullish Pennant on Daily Chart of CAD/JPY
After a strong rally during June 28–29 trading session, CAD/JPY entered a minor consolidation. The formed pattern looks like a bullish pennant albeint an imperfect one (there is a slight upward slope). A bullish breakout would mean a continuation of the previous rally. The yellow lines mark the pole and the borders of the pennant. The cyan line will serve as my entry level. It is placed at 10% of the pole’s length above the upper border. I will […]
Read more
July 82018
Forex Brokers Update â July 8th, 2018
There were just a few updates worth mentioning this week: IQ Option added lots of new currency pairs and CFDs. Bitcoin trading with 1:100 leverage has been added for traders who operate via IQ Option’s unregulated legal entity. easyMarkets launched trading in ETH/USD and XRP/USD cryptocurrency pairs. ThinkMarkets updated the variable spreads in Pro and VIP account types. iFOREX rebranded its European part of brokerage […]
Read more