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Random article: Help Wanted Index
This index (HWI) provides the number of help-wanted advertisements for recent month. It embraces a certain number of the largest regional mass media. The index value is given in comparison with 1987, which is taken for basic year and which index is equal to “100”. While analyzing this index, classical moving averages are applied. If moving average tells about change in index direction, it also reveals change of the situation on the labor market. Besides, index conveys the information about regional economical development in the USA. The index value is published on the last Thursday of every month at 10:00 a.m EST, upon that, the market is barely touched by it.
Popular article: Forex chart analysis
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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Types of Forex Charts and Graphs
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Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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