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Day: October 27, 2019
October 272019
Forex Brokers Update â October 27th, 2019
Two new brokers have become listed on EarnForex.com this week: Trendex — an unregulated Bulgarian Forex broker with its own trading platform Activ8 and a focus on investment in addition to active trading. Trendex CryptoRocket — an offshore company with focus on cryptocurrency trading but also with FX and CFD assets available. Their trading conditions are very accommodative with low minimum account size, tight spreads, and high maximum […]
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October 272019
AUD/USD Might Bounce Off of the Double Bottom
The long-term downtrend seen on the weekly chart of the AUD/USD currency pair is extending since January 2018. Starting from late July 2019, the pair is consolidating in a formation that now resembles a double bottom pattern. A successful bounce from the second local low can lead to a strong upside wave with a potential for a long entry. The chart below shows the pattern’s neckline and the two bottoms marked with the yellow lines. The cyan […]
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October 272019
GBP/CHF Consolidates in Symmetrical Triangle on Daily
The uptrend in the pound vs. franc trading history is rather fresh if we look at the daily chart — it has started to rise just in August this year. After a brief correction that spanned from mid-September through the first decade of October, the pair rallied strong and is now consolidating inside a short-term symmetrical triangle. Breaking out to the upside from this formation will provide a good bust for GBP/CHF to rally […]
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