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Random article: Consumer Confidence Index
Consumer confidence index (CCI) is the figure showing respond of consumers to current economic situation as well as their expectations or doubts in the future. This figure is used to monitor general conditions of the economy and forecasting employment tendencies. It is calculated since 1967. Monthly the New York-based Conference Board – non-profit research organization under the US Department of Trade and Commerce – surveys 5000 American families to find confidence level of citizens.
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Popular article: Fibonacci Retracement in Forex
Technical levels are one of the crucial elements of technical analysis on the Forex market. Technical levels represent a certain value approaching which the price faces resistance in further movement. On the chart it is pictured as zone (level), where price went and bounced off later, repeated its movement to the level again and without being able to pass it bounced off. Such approaching and returns can take place on a repeated basis and the more efforts are made, the stronger price level we have.
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