Bollinger Bands® are one of the most versatile and widely used technical indicators in forex trading. Developed by John Bollinger in the 1980s, these dynamic bands adapt to market volatility, expanding during volatile periods and contracting when markets are calm. This adaptability makes them particularly effective for identifying potential reversal points and trading opportunities. This…
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Forex Currency Pairs: Mastering Correlation Patterns
Understanding Currency Correlation in Forex Currency correlation in forex trading refers to the relationship between different currency pairs and how they move in relation to each other. As a forex trader, understanding these correlation patterns can significantly improve your trading strategy, risk management, and overall profitability. What Is Currency Correlation? Currency correlation measures how currency…