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Day: September 16, 2018
September 162018
Forex Brokers Update â September 16th, 2018
No new companies have been added to the list of brokers since the end of August, but we have had some updates to the existing listings: RoboForex increased the maximum leverage offered on cryptocurrencies to 1:50. Fullerton Markets has shifted its business from under New Zealand regulated Fullerton Markets Limited to Fullerton Markets International Limited registered in St. Vincent & the Grenadines. ATFX opened an office in Thailand. Tickmill increased […]
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September 162018
GBP/CHF Is Ready to Switch to Uptrend with Help of Bullish Pennant
The daily chart of the GBP/CHF currency pair is showing a classic version of a well-formed bullish pennant pattern. It appears exactly at the bottom (as of now) of a major downtrend, which lasts since mid-April. Luckily, a pennant can be traded irrespective of the preceding trend. On the image below, you can see the pattern marked with the yellow lines. My potential entry level is marked with the cyan line. It is placed at 10% of the pole’s […]
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September 162018
AUD/NZD in Ascending Channel Since February
I have last traded an ascending channel pattern back in June of 2017 and it was a major success. The formation on the AUD/NZD daily chart looks solid enough to warrant a new trade setup. The yellow lines on the chart screenshot below mark the channel itself. The cyan line shows the position of my entry order. It is placed at 10% of the channel’s width below the bottom border. The green line will serve as my take-profit level; it is […]
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