Category Archives: Forex Glossary

Swiss National Bank, the central bank of Switzerland.

Relative Strength Index was developed to assess the strength or, on the contrary, the weakness of a trend, measure the speed of the price change by comparing its increases and decreases on the basis of closing prices.

The difference between the expected fill price and the actual fill price. High probably of slippage may occur in highly volatile markets.

Pennant refers to short-term graphical price patterns of trend continuation, indicating that its direction will be unchanged in the near future. For example, on the daily chart the pattern is usually formed within a week or two.