As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the ...

When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...

Forex traders often use chart patterns to obtain strategic insights to help guide their currency trading activities. Among the array of available chart patterns used in technical analysis, the wedge ...

You can think of forex patterns, as dance patterns. You gotta find a pattern, memorize it, and use it as a signal for the next (dance) move. As naughty as the currency pairs may be, they often give us ...

USD/CHF clears the May low (0.8186) after failing to push above the 50-Day SMA (0.8368), with the exchange rate carving a series of lower highs and lows as it extends the decline ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Shannon Fagan/Getty Images A continuation pattern indicates a brief pause in a ...

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Line charts are the most basic type of forex charts. They simply plot the closing prices of a currency pair over a period of ...

An engulfing pattern is primarily considered a reversal pattern, not a continuation pattern. Its core purpose in technical analysis is to signal a potential shift in market control from buyers to ...