With the Bollinger Bands, Full Stochastics, StochRSI and RSI saying the same thing on the one day EUR/USD chart, it seems like that pair is due for a retracement after yesterday’s jump over the 1.5000 hurdle.
Tag Archives: bollinger bands
The EUR/USD’s Wild Day will Not Break 1.5000
Three technicals on the EUR/USD are slightly above the centerline. The Bollinger Bands, Full Stochastics, and RSI are saying there is a likely gently down moving trading day in store for the 24th.
Bad news: Dollar Will Have EUR/USD over 1.5000
The Bollinger Bands, Full Stochastics and RSI are venturing above their centerline on the one day charts while the StochRSI is remaining close to it’s centerline.
EUR/USD Oversold, Buy on a Downward Spike, Lock in Profit and Ride up as Far as you Dare
All four technical indicators, Bollinger Bands, Full Stochastics, StochRSI and RSI don’t seem to have anything in store for the 18th trading day on the one day charts. Price action on the one day charts seems to suggest a upward movement that many fundamental traders agree with. One day technicals though, want a range bound market on November 18th.
Weekly Trading Lesson: Bollinger Bands
One of the more popular technical indicators in use today is Bollinger Bands. Created by John Bollinger in the early 1980s, this tool is essentially a Moving Average with a volatility filter. Volatility can be of great value in an indicator for those times when the market is swinging wildly…