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Day: March 24, 2019
March 242019
Forex Brokers Update â March 24th, 2019
This week, we did not add new brokers to the list on EarnForex.com, but we have updated some listed brokers: FXTM is now also regulated by FSCM of Mauritius. FIBOGroup lowered minimum account size on MT4 NDD, MT4 NDD No Commission, and MT4 Fixed types from $300 to $50. Cryptocurrencies can now be traded with a maximum leverage of 1:10 (up from 1:3). FP Markets […]
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March 242019
GBP/JPY Is in Process of Forming Double Top Pattern
GBP/JPY has been rising in an uptrend since January 3 flash crash created a deep spike on the daily chart of this currency pair. Lately, the rally stalled in a formation with two peaks, which closely resembles a double top pattern. The formation becomes valid only following a breakout below the pattern’s neckline. The chart below shows the neckline and the two tops marked with the yellow lines. The cyan line marks my buffer zone […]
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March 242019
US Dollar Ends Week Mixed on Dovish Fed, Fears of Recession
The US dollar ended the past trading week mixed, gaining on some currencies and falling versus others. While the unexpectedly dovish Federal Reserve hurt the currency strongly, it had some support from risk aversion. The same risk-off sentiment made other safe-haven currencies, like the Japanese yen and the Swiss franc, clear winners for the week. The Fed held a monetary policy meeting this week. While the central bank left monetary […]
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