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 ...

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 ...

A falling wedge forms when price makes lower highs and lower lows, but the range contracts as the two trendlines converge. The upper trendline falls faster than the lower one, showing sellers are ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of ...

This morning's EUR/USD price action looks like a false breakout from the falling wedge pattern on the daily chart. The Bank of Italy saw good demand in today's auction where it sold EUR 7.499 bn worth ...