Forex encyclopedia

Random 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.
Financial Conditions index (IFC) is applied in the USA to define market liquidity and measure risk. Value is calculated on the basis of more than 100 various figures of financial activity in the country. Index with plus tells about tough financial conditions formed by that moment, whereas its negative value signalizes about a freer economic climate.  
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