In a Wedge chart pattern, two trend lines converge. It means that the magnitude of price movement within the Wedge pattern is decreasing. Wedges signal a pause in the current trend. When you encounter this formation, it signals that forex traders are still deciding where to take the pair next. A Fal

Resurgent USD demand assisted USD/CAD to regain positive traction on Tuesday. Mixed US economic data did little to provide any meaningful impetus to the pair. Bullish crude oil prices failed to benefit the loonie or hinder the intraday move up. The USD/CAD pair shot to fresh one-month tops heading i

Nasdaq (NDX QQQ) sets a new record high on Monday. The Nasdaq had been lagging the other main indices but catches up. Fed meeting may see a pause until Wednesday is out of the way. The Nasdaq played a nice game of catch-up on Monday, finally following the lead of the main indices in setting a new re

What’s better than dual candlestick patterns? TRIPLE candlestick patterns! To identify triple Japanese candlestick patterns, you need to look for specific formations that consist of three candlesticks in total. These candlestick formations help traders determine how the price is likely to behave nex