The debacle of EURO-DOLLAR
Here you can see a weekly chart of Eur & Usd showing a Gann Fan tool in this date at the level of 1 usd.
The close price is expressed by a Weighted Moving average (48 bars/weeks and a offset of 12 bars/weeks)
As you can see, the division lines 1/8 and 1/2 of Gann Fan Tool perfectly match that the trends marked as that average.
surprising coincidence or something else?
Will the euro fall this year against the dollar?
All is possible...
;)
The close price is expressed by a Weighted Moving average (48 bars/weeks and a offset of 12 bars/weeks)
As you can see, the division lines 1/8 and 1/2 of Gann Fan Tool perfectly match that the trends marked as that average.
surprising coincidence or something else?
Will the euro fall this year against the dollar?
All is possible...
;)
Related publications
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.