Oanda has launched two new technical analysis tools for its fxTrade clients, developed in partnership with Autochartist. The first of the new features, called “correlating signals”, allows investors to receive e-mail which flag trading opportunities when support or resistance levels coincide with chart pattern projections.
The second addition is Autochartist’s “our favourites” which provides users with potential trading opportunities which offer the highest probability of hitting the forecast price. Each opportunity is evaluated against past performance with respect to the pattern type, the instrument and the time of day it was identified.
DukasCopy, an online FX bank and trading platform based in Switzerland, has added live trading of USD/CNH to its platform.
This move is designed to provide greater access to yuan liquidity in the form of Hong Kong-based offshore Chinese currency.