Forex encyclopedia

Advance GDP is the first publication of GDP data from series of subsequent publication of GDP values “advance – provisional –final”. In the USA publication of advance value takes place in the first month of every quarter by the Department of Trade and Commerce, after 20-s, usually at 8.30 a.m of New York time (4.30 p.m Moscow time) The data is published for recent quarter (i.e., in January – for IV quarter of recent year, in April – for the I of current year etc.) and is expressed in annual value, that is to say, quarter value is raised to 4rd power. Upon that, traditional report is not published in dollars or other currency, but is expressed as percentage to the previous quarter.

Tirone levels represent a sequence of several horizontal levels decreasing in succession. This method is used for determining support and resistance levels within trading range at definite moment of time. Tirone levels were elaborated by John Tirone. In practice, TL are applied to improve visual reception of price movement. Also through these method of technical analysis one can generate signals for opening positions. For example, if price reaches TL from upward – it is an alert for purchase and a signal for sale is received, when prices approaches from bottom.