Forex encyclopedia

Random article: Point and figure chart
When price reverses and passes a certain threshold value (amount is indicated in reversal parameters), then it is time to stop forming table of one type and switch to forming another. It can start from entering several crosses or noughts at once (if reversal exceeds 2) Rendering the price in the form of this type of forex chart is not tied to time scale. Therefore, adjustment of many approaches to classical technical analysis is required. Crosses and noughts are convenient to render levels around which the price stops for a ling time (consolidation level).
This economic index is measured for wages and unemployment benefits in the USA. It can tell about occurrence of inflation processes in the state economy. FRS closely watches this indicator and based on its value adjusts its financial policy, which confirms its high significance. The Index is published quarterly, at 20-s, at 08:30 a.m EST (New York). Published data is used for middle- and long-term forecast. Rise in index in the period of expectations of growing major interest rates leads to consolidation of national currency.
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