News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • 🇲🇽 Unemployment Rate (DEC) Actual: 3.8% Expected: 4.3% Previous: 4.4%
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here:
  • 🇲🇽 Unemployment Rate (DEC) Actual: 3.8 Expected: 4.3% Previous: 4.4%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 70.59%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇲🇽 Unemployment Rate (DEC) due at 12:00 GMT (15min) Expected: 4.3% Previous: 4.4%
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.31% Gold: 0.02% Oil - US Crude: -0.82% View the performance of all markets via
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.53% 🇬🇧GBP: 0.43% 🇦🇺AUD: 0.27% 🇨🇭CHF: 0.18% 🇯🇵JPY: 0.10% 🇨🇦CAD: 0.03% View the performance of all markets via
  • Euro’s forecast this quarter? Get your free forecast here: #DailyFXGuides
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.49% US 500: 0.24% Wall Street: 0.16% FTSE 100: 0.14% France 40: -0.07% View the performance of all markets via
  • #HSI Hang Seng Index finished slightly below 30,000 mark as Southbound net flow via the stock connections fell three days in a row to HK$ 16,263 million, from a record high of 26,592 million on Jan 19th. Total southbound flows contributed to 31% HKEX's daily turnover on Thur.
Learn Forex: Trading the Bull Flag Pattern

Learn Forex: Trading the Bull Flag Pattern

Walker England, Forex Trading Instructor

Article Summary: The EURJPY has advanced as much as 236 pips to close last weeks trading. As price consolidates traders look to pricing patterns to spot possible points of trend continuation.

The study of technical analysis allows us to identify pricing patterns in order to extrapolate potential future market movement. One of the most useful patterns in a trending environment is used to spot continuations in price. Today we will look at identifying and trading the bull flag pattern in an established up trending market.

Learn Forex – Bull Flag Pattern

Learn_Forex_Trading_the_Bull_Flag_Pattern_body_Picture_2.png, Learn Forex: Trading the Bull Flag Pattern

Identifying the Pattern

Identifying a bullish flag pattern can be easy once you know specifically what you’re looking for. The pattern itself is comprised of three different components. First we need to find the flag pole which will be identified as our initial advance in price. The angle of this advance does not matter and should be measured by calculating the distance from its previous low to its current high. Next we have the actual flag to consider. This is identified as a period of consolidation after the completion of prices initial advance. During this period, prices may slowly channel downward to retrace a portion of the initial move. At this point traders will wait for price to break back upwards towards higher highs in the direction of the trend.

After price begins to move lower again, we can then find the final component needed for trading a bearish flag pattern. The profit target is a potential value to take profit after a currency pair’s next decline in price. This pricing level can be identified by first measuring the distance in pips of our established flag pole. This value in pips can then be added from the low resistance line formed from our flag. Now that we know how to identify a bullish flag, let’s move to an example in today’s market.

Learn Forex – EURJPY Bull Flag

Learn_Forex_Trading_the_Bull_Flag_Pattern_body_Picture_1.png, Learn Forex: Trading the Bull Flag Pattern

(Created using FXCM’s Marketscope 2.0 charts)

EURJPY Current Price

The chart above depicts a bullish flag pattern developing on the EURJPY 2Hour chart. The flag pole can be seen by identifying the November 28th low at 105.29 with the November 30th high at 107.68. Calculating the difference between our high and low, we find that the flag pole has advanced the EURJPY by 236 pips. From the formation of the high at 107.68, price has begun to consolidate. However, it should be noted that price is gradually declining so that we can see the flag pattern take shape.

It’s important to note that our pricing pattern will not be complete until price breaks out to a higher high signaling a resumption of the trend. At that point, we can use our 236 pip initial advance to establish price targets near 109.00. Potential stops upon the EURJPY breaking out can be placed below support of the flag drawn on our graph.

---Written by Walker England, Trading Instructor

To contact Walker, email . Follow me on Twitter at @WEnglandFX.

To be added to Walker’s e-mail distribution list, send an email with the subject line “Distribution List” to .

Been trading FX but wanting to learn more? Been trading other markets, but not sure where to start you forex analysis? Register and take this Trader Quiz where upon completion you will be provided with a curriculum of resources geared towards your learning experience.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.