Exam (elaborations)
CHARTERED MARKET TECHNICIAN LEVEL 1
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CHARTERED MARKET TECHNICIAN LEVEL 1
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CHARTERED MARKET TECHNICIAN LEVEL 1US Dollar Index - The US Dollar Index (USDX, DXY) is an index (or measure) of the
value of the United States dollar relative to a basket of foreign currencies, often referred
to as a basket of US trade partners' currencies.
It is a weighted geometric mean of the dollar's value relative to other select currencies:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
The "Percentage of stocks above their 50-day MA" indicator is considered to be
overbought, when it crosses above: - 75%
Runaway Gap - A type of gap on a price chart that occurs during strong bull or bear
movements characterized by an abrupt change in price and appearing over a range of
prices. They are best decribed as gaps caused by an sudden increase/decrease in
interest for a stock
Top-down analysis refers to an analysis of: - the overall economic and business
condition
Government and companies raise money from investors in: - primary markets
Treasury inflation-protected securities (TIPS) are bonds whose _____ is adjusted as the
consumer price index fluctuates: - principal
At least _______ touches of each trend line are required for a valid rectangle. - two
A symmetrical triangle should be longer than: - three weeks
A complete Elliott wave cycle is made up of _____ waves - 8
___ __ is a sideways, three-wave corrective pattern. - Flat
Force Index is calculated by: - subtracting the previous day's close from the current
day's close and multiplying by volume
Volume divergences occur when: - a new high in an uptrend takes place on declining
volume
The primary use of a candlestick pattern is to: - strengthen the possibility of a reversal
or continuation of a price trend
, Is a Flag a consolidation pattern? - Yes
Which of the following can be categorized as an unbound oscillator? - MACD
RSI is considered to be more stable than most measures that calculate momentum
because - It uses all the values of the period in its calculation
If the stock market reaches a new peak while the A/D line does not, it indicates that: -
fewer stocks are participating and the rally may be near its end.
When a series of short candlesticks appears after a period of relatively long sessions, it
implies a: - weakening momentum.
Gaps normally occur: - between the close of the market on one day and the open of the
next day
Which of the following types of moving averages drops off an old data point when a new
one is added? - Simple Moving Average
MACD line is calculated by: - subtracting the 26-day exponential moving average from
the 12-day exponential moving
Average
The stochastic indicator measures - The relative position of the closing price within a
past high-low range
The triangle pattern with the highest throwback rate is a(n) - descending triangle
Japanese Candlestick Charting refers to a gap as a: - Window
According to, Gail Dudack, a major change of trading structure in recent years requires
technicians to be alert to the fact that - Volume can no longer be accurately defined
Which of the following is a market-cap weighted index? - NASDAQ
Which of the following is a criticism of noise traders? - Noise traders are not trading on
information that is true and relevant for predicting upcoming earnings of a publically
traded company
If the VIX is quoted at 20, it indicates the market is expecting a movement of about
___ __ percent over the next 30 days. - 5.77
The NASDAQ Composite index is a _______ weighted index. - market-cap
The quadratic mean is often used for an estimation of: - error
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