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Random article: Continuation patterns
As it is clear from the title, continuation patterns signal about continuation of trends in the previous direction. The main patterns of this category are represented by the figures “Flag” and “Pennant”. Flag is a good signal of continuation of a trend when sharp movement is changed to a short pause. There are three forming states of the flag: first a strong vertical movement takes place (flagpole is shown), then flag figure appears during calm down, whereupon strong movement continues in initial direction.
Popular article: Business Inventories
Gradual increase in the number of produced goods, component kits and semi-products in warehouses can implicitly tell about stagnancy. Publishing of this figure slightly impacts the Forex market. Nevertheless, upon steady tendency in its dynamics the currency is pressed which leads to drop down of the rate. This figure is published in the middle of every month at 08:30 EST (New York).
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