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.

A number of reversal patterns is indicated in Forex: Head and Shoulders, Double top, Double bottom, Triple top, Triple bottom, Diamond. Head and Shoulders Top – is a classical reversal pattern of technical analysis, which is formed following to a long upward trend. The model is considered to be fair reliable and is often formed. But despite above-mentioned, many beginning traders do not manage to take profit using this graphic pattern. The reason is that positions are opened prior to forming this model. Let's figure out the structure of the figure and its formation on the chart of trading terminal. The model consists from three subsequent price extreme points, the middle one is higher than others (head), and the rest two are below the middle one and are roughly equal (shoulders). All three uphills are supported by the neck line.

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Forex encyclopedia

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Forex encyclopedia

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