Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...

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The EUR/USD and the USD index are both breaking out of a much commented upon pennant pattern today. The USD is gaining a lot of strength and the breakout looks pretty solid. However are pennant and ...

Gold begins to advance off the lower border of a bullish consolidation pennant. Following a test of support at the lower border line earlier in the session, gold reversed higher to rise to a four-day ...

The USD/CAD broke out of its pennant consolidation pattern two days ago. This breakout accompanied an announcement from the Bank of Canada that they will be joining several other major economies with ...

The EUR/USD ended the day sharply higher, shaking off less than stellar economic data out of Germany (both CPI and Unemployment Change figures missed) and closing up 88 pips at $1.2940. Expect ...

Gold traded in a narrow range on Wednesday with a high of 2,335 and a low of 2,324. The high took the price of gold above the top boundary line of a potential bearish pennant pattern (small ...