Forex Technical Update 8/26/2010 Fan Yang, CTA Technical Analyst www.FXTimes.com The Greenback is easing ahead of Bernanke’s speech tomorrow. The EUR/USD continues to be in a correction pattern. The GBP/USD is showing some initial bullish signs, but the bearish bias remains. The USD/JPY is starting to round off a top, suggesting readiness to continue its decline. A double top is spotted for the USD/CAD after a recent rally. Finally the GBP/JPY and EUR/JPY may be completing its correction rallies.
Fibonacci Sequence/Series represent some of the natural patterns like in sun flower, bee colony, rabbit growth rate and etc. Finding the kth element in the Fibonacci series is challenging when k is a large number. There exist a simple (simplest) formula to find the kth element in the Fibonacci series and the formula is derived step wise.
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The patterns are synthesized with a Lagged Fibonacci Generator (LFG) circuit built with discrete logic chips (CD4000 CMOS). The LFG is an algorithm sometimes used in cryptography to generate encryption keys. I’m exploring it as a pattern generator for algorithmic art and music. Although cryptographers like the LFG because its output is similar to white noise, I find that through creative electronic filtering, the intricate details of its cyclic patterns become visible.
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