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Fibonacci Channel represents a sort of Fibonacci Retracement, but this time all trend lines are drawn diagonally and not horizontally. Drawn channels can serve as supportive or resistance lines. Fibonacci Channel is built with a common method: the line is put through trend's High and Low, this line composes entire width of channel and its value is taken as equal to one. Further, parallel lines are drawn through obtained channels through the levels 23,6%, 38,2%, 50%, 61,8%, 76,4%, 100%, 161,8%, 261,8%, 423,6%. It is assumed that resulting lines can serve as support or resistance lines as well as pivot or correction points of a trend.
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Gradual increase in the number of produced goods, component kits and semi-products in warehouses can implicitly tell about stagnancy. Publishing of this figure slightly impacts the Forex market. Nevertheless, upon steady tendency in its dynamics the currency is pressed which leads to drop down of the rate. This figure is published in the middle of every month at 08:30 EST (New York).
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