A

Accumulation swing index (ASI) An oscillator based on the swing index

(SI.) A buying signal is generated when the daily high exceeds the

previous SI significant high, and a selling signal occurs when the

daily low dips under the significant SI low.

American style currency option An option that may be exercised at any

valid business date throughout the life of the option.

Arbitrage A risk-free type of trading in which the same instrument is

bought and sold simultaneously in two different markets in order to

cash in on the divergence between the two markets.

Ascending triangle A triangle continuation formation with a flat upper

trendline and a bottom sloping upward trendline. (See Triangle.)

Ascending triple top A bullish point-and-figure chart formation that

suggests that the currency is likely to break a resistance line the

third time it reaches it. Each new top is higher than the previous

one.

Atekubi A bearish two-day candlestick combination. It consists of a

blank bar that closes at the daily high; the current closing price

equals the previous day's low. The original day's range is a long

black bar.

At par forward spread Forward price is zero; therefore, the spot price is

similar to the forward price. It reflects the fact that the foreign

interest rate is similar to the U.S. interest rate for that particular

period.

At-the-money (ATM) option An option whose present currency price is

approximately equal to the strike price.

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At the price stop-loss order A stop-loss order that must be executed at

the precise requested level, regardless of market conditions.

Average options Options that refer to the average rate of the

underlying currency that existed during the life of the option. This

rate becomes the strike in the case of the average strike options; or

it becomes the underlying, determining the intrinsic value when

compared to a predetermined fixed strike in the case of average rate

options. Average options can be based on the spot rate (spot style)

or on the forward underlying the option (forward style.) The average

can be calculated arithmetically or geometrically, and the rates can

be tabulated with a variety of frequencies.

Accumulation swing index (ASI) An oscillator based on the swing index

(SI.) A buying signal is generated when the daily high exceeds the

previous SI significant high, and a selling signal occurs when the

daily low dips under the significant SI low.

American style currency option An option that may be exercised at any

valid business date throughout the life of the option.

Arbitrage A risk-free type of trading in which the same instrument is

bought and sold simultaneously in two different markets in order to

cash in on the divergence between the two markets.

Ascending triangle A triangle continuation formation with a flat upper

trendline and a bottom sloping upward trendline. (See Triangle.)

Ascending triple top A bullish point-and-figure chart formation that

suggests that the currency is likely to break a resistance line the

third time it reaches it. Each new top is higher than the previous

one.

Atekubi A bearish two-day candlestick combination. It consists of a

blank bar that closes at the daily high; the current closing price

equals the previous day's low. The original day's range is a long

black bar.

At par forward spread Forward price is zero; therefore, the spot price is

similar to the forward price. It reflects the fact that the foreign

interest rate is similar to the U.S. interest rate for that particular

period.

At-the-money (ATM) option An option whose present currency price is

approximately equal to the strike price.

forexSwiss.com Глоссарий и специальные термины

ФОРЕКС. Электронное руководство для успешной торговли на валютном рынке 117

At the price stop-loss order A stop-loss order that must be executed at

the precise requested level, regardless of market conditions.

Average options Options that refer to the average rate of the

underlying currency that existed during the life of the option. This

rate becomes the strike in the case of the average strike options; or

it becomes the underlying, determining the intrinsic value when

compared to a predetermined fixed strike in the case of average rate

options. Average options can be based on the spot rate (spot style)

or on the forward underlying the option (forward style.) The average

can be calculated arithmetically or geometrically, and the rates can

be tabulated with a variety of frequencies.