forex

In today’s world, brokers are used in almost every major industry. Whether you are buying a new shirt or a new car, the fact is, a broker made that product available to you. Given their importance to the supply chain, and their effect on the alternative investment markets, we thought we would expand on the topic of “brokerage” for our readers. In this article, we will define the term “broker”, and explain its relation to the alternative investment markets.  As you will see, brokers are the key to a company’s success or failure.  In fact, without brokers, most companies would shut down and our economy would fall apart instantly.   Could “brokers” really be the glue that holds our global economy together? Well, first things first, let’s define the concept of “brokerage” and its place within the supply chain.

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Forex stands for foreign exchange.

The technical target following the break of this multi-week bull flag is somewhere around $1.55 though some nice fib resistance can be found right at the current levels. This could turn the pair down for a re-test of the upper limit of the recent trading range ($1.49/1.50) that would be about 61.8% retrace of the recent run up.