Forex encyclopedia

Any product can be estimated within market framework of a certain state. Therefore, customs duty for import is laid in price of imported product that covers the difference between national and import product of the same category. When needed, import prices can be brought down to zero in order to boost import. It is made when imported goods are not produced in the country, when favorable conditions for less developed country are set or if trade relations with a certain country are important. This tariff is included in cost of product, therefore, Import Price index is taken into account upon calculation of consumer prices.

William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.