Traders and market analysts watch for crossovers of longer - term moving averages by shorter - term moving averages as possible
indicators of trend change in intraday trading and in regard to long - term trends.
The average growth of nominal unit labour costs over the inflation targeting period is around 2 1/2 per cent, which is consistent with the CPI inflation target in the absence
of trend changes in firms» profit margins or the exchange rate.
I have a question how to determine the turning
point of the trend change, is it price action signal daily or weekly chart, or when prices cross 50 % Fib level, or when it break the trend line?
This ability to spot the market «flow», as it changes from one phase to another, is a simple observation of how one price pattern interacts with the previous price pattern and can be an early indicator
of a trend change or trend continuation.