A rising wedge is generally considered bearish and is usually found in downtrends. |
Last week the Dollar saw mainly downtrends against the major currencies. |
At Go Forex we have noticed that the biggest GBPUSD moves have occurred on negative US news which has led to sharp upward advances, followed by downtrends. |
It works well with the SAR method to help investors profit from both uptrends and downtrends. |
Generally speaking, this means that the EUR's downtrends will likely continue throughout the day. |
They rise less on the uptrends, and fall less on the downtrends. |