Forex harmonic patterns are a type of chart pattern used by forex traders to identify potential reversals in the market. Harmonic patterns are based on Fibonacci numbers and geometry and use specific ...

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 ...

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nearly 30 years ago, the foreign exchange market (forex) was characterized by ...

Forex trading involves buying and selling currencies on the global, decentralized, over-the-counter foreign exchange market. With daily turnovers averaging around $6 trillion, the forex market is by ...

Japanese candlestick patterns are among the most widely used tools in technical analysis, and those formed by three or more candles are generally considered the most reliable. The Three Inside Up and ...

There’s often a lot of talk about the correlation of strategy games, such as chess, with forex trading strategy, and there’s a lot of truth to it. The ability to pick up on patterns is highly ...