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Random article: Accumulation Swing Index
In his book “New concepts in technical trading systems” Wilder says: “If ASI lays on the same day chart, comparison with chart's lines can be made along the tendency shown by the indicator. For someone, who knows how to draw meaning trend's line, this indicator can serve as a nice tool confirming lines breaking the trend. Wrong break ups will not be confirmed by relevant lines in the indicator's area. Since to a greater extent ASI uses Close prices, intraday up and down movements do not influence indicator's index value heavily.”
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Popular article: Basics of Technical Analysis
By technical analysis we should basically understand employment of price chart (and results of its math interpretation) for further market and price forecast. Technical analysis rests upon repeated nature of market and implies that ups and downs of currency quotations on charts are rotated according to certain time periods. An advantage of technical analysis is its universal application: with its help one can research any financial contract for any period of time. The market accounts for everything. That means that any event, which could affect price behavior is already accounted by market and is reflected on the price chart. This proposition means that all factors impacting the price will be definitely reflected in its behavior, therefore, it is required to monitor quote graph.
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CGPI Japan Corporate Goods Price Index
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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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