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Random 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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Popular article: Unemployment Rate: Non-Farm Payrolls and Forex
Unemployment rate is the total amount of able-bodied population expressed as relative quantity. The level itself is calculated as follows. Every month Bureau of Labor Statistics of the U.S. Department of Labor conducts survey of 60 000 households and more than 375 000 enterprises - the establishment survey. Fundamentals of surveys include such statistical data as: For Household survey: age, sex, marital status, employment status. For the Establishment survey: average weekwork, average hour earnings, wages.
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The Many Faces of Greed
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Forex encyclopedia
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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