The reversal in the market price of an asset against the direction of its prevailing upward or downward trend. When a persistent downwards trend is observed in a currency pair's forex rate, a technical correction upward can be seen due to a temporary shortage of supply that can present a selling opportunity to a trend trader.
Browse by Subjects
See All Related Terms »
simple rate of return
pro forma financial statement
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):