Forex encyclopedia

Gann Line is the trend line laid at the angle of 45°. This line is also called balance angle or “one-to-one”, which means that one price interval corresponds to one time interval. Gann stated that 45° angle finely demonstrates long-term line of the trend. Any cross of balance angle made by the price shows that trend stops (in other words, about correction) or about reversal of major tendency. When prices are above balance angle, it says about dominating of ascending tendency on the market, when prices are at the angle 1×1, the tendency is descending.
Wholesale Price Index (WPI) represents economic indicator applied in Germany. It allows tracing dynamics in change of wholesale goods. The index includes both German and imported goods and does not account for the goods made directly in the stores or by consumers. Original index value represents the wholesale total turnover for the year set as the basic year. Certainly, retail production is not accounted. Price statistics also impacts on the Wholesale Price Index.
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