Category Archives: Forex Glossary

An account in which the account holder gives power to a company or trading body to handle buy/sell transactions. The trading body also has power to choose which currencies to buy or sell.

The graphical price pattern “Diamond” is a sign of a subsequent reversal of an existing trend. Traditionally, the pattern is formed in an uptrend.

An intentional decrease in a currency’s price due to official announcement.

The Detrended Price Oscillator (DPO), as the name indicates, is a technical analysis tool designed to give information about the price of an asset without taking into account existing price trends.