Bollinger Bands Analytics 3.3.2013
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Main idea from the bollinger bands currently is that a temporary correction against the US Dollar is expected following its strength.
EURUSD:has bounced after hitting the bottom BB level and is slightly moving up, possibly as a correction since the pair is moving lower. We can see the Bounce position to increase slightly during the last 3 periods and so does its volatility.
GBPUSD: has been showing an increased volatility as the pair has been moving lower and lower as it has been constantly under the lower Bollinger Band without a bounce having occurred yet. This could mean the pair could penetrate the lower band again and move lower.
USDCHF: has been moving higher and higher as shown by the increased volatility in the size of the bands length , and the position being above the 100% top band. It is expected that a bounce will occur now and the pair will move lower.