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Forex question What is meant by spike?
avatar Catkathy
Question by: Joseph - 07 Nov 2016, 08:32:38
What is meant by spike?
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Answers (1)
avatar user 11339
Answer by: Samanthar - 07 Nov 2016, 08:43:16

A spike is an error quotation with the following characteristics: a. A significant price gap; b. A price rebound over a short period of time within a price gap; c. Absence of rapid price movement before its appearance; d. Absence of important macroeconomic indicators and/or corporate news of significant effect before its appearance.

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