Category Archives: Forex Glossary

The Descending triangle graphical price pattern is a chart pattern of an existing trend continuation, which is usually formed in a downtrend and confirms its further direction.

Descending trendlines are a variety of trendlines, one of the most fundamental tools for technical analysis. Descending trendlines are simply trendlines with a negative slope, indicating falling prices.

A financial contract, the value of which depends on the value of one or more underlying assets. Such underlying assets may include indices, stocks, commodities, currencies and other assets.

The currency pair, formed from Euro and the Japanese yen, shows how many Japanese yen are needed to purchase one Euro.