Bollinger Band FX Method How to View USD/JPY March 16

How to read Bollinger Bands: USD/JPY Monthly Chart (Forecast for next week)

From the perspective of the USD/JPY monthly chart using Bollinger Bands, the middle band (the red line 20MA) was vigorously broken upwards from below last month, moving from the -1σ and 20MA zone to the red line 20MA and +1σ zone. This indicates a shift from a bearish outlook to a bullish one in the overall trend, but in terms of candlesticks, it is currently close to a doji and can be seen as a range-bound situation.

What are the next week's forecasts for Bollinger Bands on the weekly and daily charts? What is the FX method using Bollinger Bands? Practical records are also公開eerd! Continue reading