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Random article: Economic survey of the Federal Reserve System of the USA
Economic survey of the Federal Reserve System of the USA (known as Beige book) – this economic index is based on figures of manufacture, services, agriculture, labor market and reals estate market. Beige book review is conducted by the US Federal Reserve System eight times a year, two weeks prior to congress of the Federal Open Market Committee (FOMC), at 2 p.m of New York time on Wednesdays.
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Popular article: Forex Reversal patterns: Head and Shoulders etc.
A number of reversal patterns is indicated in Forex: Head and Shoulders, Double top, Double bottom, Triple top, Triple bottom, Diamond. Head and Shoulders Top – is a classical reversal pattern of technical analysis, which is formed following to a long upward trend. The model is considered to be fair reliable and is often formed. But despite above-mentioned, many beginning traders do not manage to take profit using this graphic pattern. The reason is that positions are opened prior to forming this model. Let's figure out the structure of the figure and its formation on the chart of trading terminal. The model consists from three subsequent price extreme points, the middle one is higher than others (head), and the rest two are below the middle one and are roughly equal (shoulders). All three uphills are supported by the neck line.
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Features of the analysis of Japanese candlesticks
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Forex encyclopedia
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