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.

EURUSD is trading near a 3-month high just shy of the 1.3900 psychological resistance area. The Euro has closed above weekly triangle resistance and a significant Fibonacci Level The lack of overhead ...

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 ...