Forex encyclopedia

Over a long time of work on the Forex market, traders accumulated a bulk of material regarding monitoring price charts. This experience allows to conclude about regularity of lines combinations, which form so called graphic figures. Outline of those figures allows to forecast further movement of price. Chart analysis gained popularity among traders and became a full-fledged analytical and forecasting instrument. All figures of Forex chart analysis are usually divided into two groups: the figures telling about keeping current tendency and reversal figures. As it is already clear from their names, continuation figures tell that main direction of current price won't change and current trend will keep on. On the contrary, reversal figures alert us that in the nearest time change of main tendency should be expected.

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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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Forex encyclopedia

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Forex encyclopedia

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