Forex Glossary

Wedge Chart Pattern

Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge are incrementally less, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout

Whipsaw

Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

Wholesale Prices

Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show up here earlier than the headline retail.