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Random article: Fibonacci Expansion
Fibonacci Expansion is built along three points, which describe two waves. To start with, we put the line of the first line (top – bottom, bottom – top) thereby uniting two points. Further the distance of the first wave will be taken as a singular cutting. Then from ending point of the second wave (point 2), we lay the second line to the ending of the second wave. This way we get three connected points, which serve as benchmarks for building invisible line over the distance equal to 61,8 %, 100 % and 161,8 %. Ending of 3 wave is expected on the level of 161,8 %. As per the law of Elliott Waves, that is the ideal ratio between the longest momentum wave to the shortest wave.
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Popular article: New Housing Price Index
New Housing Price Index (NHPI) – this economic indicator enables tracing change in prices for building new houses in Canada. NHPI reflects fluctuation dynamic of prices of transactions between contractor and purchaser in the moment of buying of a new house. The index helps to trace changes in price for similar houses. Prices submitted by vendors (or building companies) serve for measurement of this figure. Those market price do not account for taxes or prices for supplementary goods and services. Index publication has a limited impact on the market. Its growth is favorable for consolidation of national currency.
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