Technical analysis in the forex market

Bollinger band

Chart  Bollinger band

This trend analysis is discovered by Mr. John Bollinger. The Bollinger band is shown inside the area between upside boundary and downside boundary in line with the moving average. The market movement is regarded as centralizing within this band. From a statistic viewpoint, it is 68% probability that the market movement should be centralized within 1SD( average}one standard deviation), and 95% probability that it should be within 2SD(average}two standard deviation) in the forex market.

Display of daily chart and Bollinger band


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