Forex Indication with Bollinger Bands
Now we learn about one of the technical indicator, it calls Bollinger bands. Bolinger Bands is one of the most widely used technical indicator that tells about market trend, it could be any market like forex or stock or commodity or anything.
Bollinger bands were originated by John Bollinger, it consists of a centre line and 2 price lines - one above and one below the centre line. The centreline is EMA (Exponential Moving Average) while price lines are standard deviation.
It is assumed that when Price touches upper price line, that means that the currency pair in online forex trading is overbought. Opposite when the currency touches lower price line. However remember this is not the case everytime.
You can said that; when the upper and lower price lines contact and get very close to each other, it is an indication that price in online forex trading market is about to explode very soon. There is a way how bollinger band identify a price explosion.
Bollinger bands were originated by John Bollinger, it consists of a centre line and 2 price lines - one above and one below the centre line. The centreline is EMA (Exponential Moving Average) while price lines are standard deviation.
It is assumed that when Price touches upper price line, that means that the currency pair in online forex trading is overbought. Opposite when the currency touches lower price line. However remember this is not the case everytime.
You can said that; when the upper and lower price lines contact and get very close to each other, it is an indication that price in online forex trading market is about to explode very soon. There is a way how bollinger band identify a price explosion.
AUDNZD Technical Fundamental
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