Forex encyclopedia

Capacity utilization is the macroeconomic indicator determining the level of productive capacity of the state's economy. Has a minor effect on the market. Nevertheless, growth of this figure is accompanied by growth of national currency, which in particular characterizes toughening of monetary policy of the state. Productive capacity data is expressed in percentage, upon that, the best possible ration is 80 – 85% and signalize about the balance between economic growth and inflation. The figure is announced on a monthly basis along with another figure “ Industrial production” around 15th at 09:15 EST (New York). 
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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