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Stochastic oscillator – is a technical indicator designed by the president of "Investment Educators" corporation George C. Lane in the end of 1950-s. Stochastic estimates market momentum and shows position of present price against price range (between High and Low) for a definite time period. It is measured in per cent from 0 to 100. According to George C. Lane, “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.”
Each country emits its own currency. There are plenty of internal and external factors (inflation, deflation, governmental debts, governmental actions, political situation, economic relationship between large players), influencing stability of currency price and leading to its every minute growth or decline. Forex is a conventional financial market formed in 1970-s of 20th century in the result of switching to floating currency rate. Rapid evolution of technical communication means and computer equipment led to that banks started exchanging currency without mediation of currency exchanges via system of electronic payments.
Forex support and resistance. Support and resistance lines
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