The S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is bullish.

Dear traders, the USD/JPY is building a triangle chart pattern in front of the previous top. Although the resistance zone remains dangerous, a bullish breakout is expected. The USD/JPY breakout above ...

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Correctly identifying and subsequently trading the triangle chart pattern has benefitted many technical forex traders. The triangle pattern is traditionally categorized as a continuation chart pattern ...

In our analysis on Friday we mentioned an interesting symmetric triangle pattern that emerged on the charts of both the DAX and the S&P 500. Back then, we were inside of those patterns, waiting for a ...