EURGBP Forex Correction to Descending Trend Line

EURGBP Forex Correction to Descending Trend Line

EURGBP seems to be completing its latest forex correction, as the pair is finding resistance at the 38.2% Fibonacci retracement level on the 4-hour chart. This is also in line with the descending trend line connecting the recent price highs so far this …

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Reevaluating 2015 Fintech Trends – All About Marketplace Lending

In the beginning of 2015, Forex Magnates published its version of fintech trends of the year. Three sectors put in focus were 'Robo Advising', digital based equity crowdfunding, and what we termed 'service based investing'. While the latter which we …

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Forex technical analysis: GBPUSD remains within the boundaries

The downside was pushed – with the price falling below the lower trend line on Monday, Tuesday and Wednesday. I was waiting for that line to give way and fall further, but it could not gather any momentum. The move higher today was over after the first …

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USDOLLAR Lower Parallel Break Needed to Signal Trend Change

-USDOLLAR continues to respect well-defined parallels. A drop below the lower parallel would indicate an important behavior change and potential for the largest decline since July 2014. Notice that the March top failed to reach resistance from the …

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The post EURGBP Forex Correction to Descending Trend Line appeared first on Forex Success Traders.

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