Bollinger Bands are a common momentum indicator used in techncial analysis. The bands involve calculating 3 lines, one a simple moving average line and two other lines and upper and a lower band.
A lot of interest will be focused around the AUD/JPY when trading begins this week. The AUD, which has rallied significantly against most currencies, is starting to show signs of weakness, most notably against the JPY as illustrated in the chart below which has formed a double top. Read more >>
Bollinger bands are a popular technical analysis indicator that is helpful in tracking short-term momentum for a particular FX cross currency. They are also used in stock, commodity and index trading as well. Read more >>
Bollinger bands is an indicator that plots a pair of lines on either side of a moving average, most often two standard deviations away from the moving average, and was developed by a famous technical trader named John Bollinger. Play video >>
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