Category Archives: Forex Glossary

An exchange rate between two currencies derived from their corresponding rates with a third currency. As a rule, the term refers to a currency pair which does not contain the US dollar.

A two-candle pattern that has a small body candle completely contained within the range of the previous body, and is the opposite color. Coming after a strong trend, this pattern indicates a decrease in momentum and possibly the end of the trend.

A bearish reversal pattern that continues an uptrend with a long white body candle followed by a gapped up small body candle, then a down close with the close below the midpoint of the first candle.

The negative chance that a person who owes currency cannot repay.