Forex encyclopedia

Triangle is one of the most popular patterns of technical analysis, which is related to three models of trend's continuation. There are three types of triangles: ascending, descending and symmetrical triangle. Each model has its geometry, direction and other features. There is also the 4th type of triangle - expanding triangle. This graphical pattern is rather rare and is not recommended to apply in trading. Why is it so? We will know just below.

Japan Corporate Goods Price Index (CGPI) is an economic indicator calculated on the basis of price of goods acquired by Japanese enterprises. The index inter alia accounts for feedstock prices directly impacting on the final cost of manufacturing, therefore, this index is used by companies to adjust prices for its production. CGPI also accounts for the transportation prices. If apart from growth of CGPI Japan experiences rise in index of consumer prices, it tells about rise in inflation in the country. In its turn, it signalizes Bank of Japan about the possibility of raising of major interest rates. When published index value is above expected, it gives a slight support for consolidation of national currency.