Euro / Japanese YenEducation
Currencies are Rubber Bands - That is Why Bollinger Bands Work
In the heat of the moment, when big news such as the optimism of over the US debt ceiling and US rate hike causes big bullish move in the USD, we tend to extrapolate that currencies will go in one direction. However, the truth is that currencies are like rubber bands. When it hits either bands, we should expect the currency to rebound back
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.