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Random article: Gann Line: trend line indicator

Gann Line is the trend line laid at the angle of 45°. This line is also called balance angle or “one-to-one”, which means that one price interval corresponds to one time interval. Gann stated that 45° angle finely demonstrates long-term line of the trend. Any cross of balance angle made by the price shows that trend stops (in other words, about correction) or about reversal of major tendency. When prices are above balance angle, it says about dominating of ascending tendency on the market, when prices are at the angle 1×1, the tendency is descending.

The foreign exchange market itself experienced a rapid growth in the early decades of the 70s. As for the cause of the foreign exchange market is growing rapidly, among others are: 1. Movements in foreign exchange rates that experienced significant movement so that it appeals to certain circles to engage in the foreign exchange market. 2. Businesses are getting more global. As business competition gets bigger, companies need to find new resources that are cheaper, and spread all over the world, causing demand for the currency of a particular country. 3. The rapid development of telecommunications in the presence of telephone, telex, fax, internet, has made it easier for market participants to communicate, making transactions easier. 4. Gains earned in the foreign exchange market tend to increase the desire of various parties trying to gain a gain (profit) from the movement of foreign exchange rates.

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