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Random article: Forex Channel
Wide-spread situation on the forex market is when movement of price on the chart takes place in a certain range, which is called Channel. Upon that, bottom boundary of this channel is called support line, because it supports the price from decline below the channel level whereas top boundary is called resistance line, because it resists the price leaping up the channel. The distance between those two lines constitutes trading range. Based on main direction of the price movement, channels are conditionally divided into uptrend, downtrend and range (side) channels.
This economic index is measured for wages and unemployment benefits in the USA. It can tell about occurrence of inflation processes in the state economy. FRS closely watches this indicator and based on its value adjusts its financial policy, which confirms its high significance. The Index is published quarterly, at 20-s, at 08:30 a.m EST (New York). Published data is used for middle- and long-term forecast. Rise in index in the period of expectations of growing major interest rates leads to consolidation of national currency.
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