A reading above 70 indicates overbought conditions, while a reading below 30 suggests oversold conditions. Bollinger Bands were created by John Bollinger in the 1980s to provide trading signals that adapt to market conditions. They are typically drawn using a given number of standard deviations around a central moving average. Welles Wilder and has been …

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Volume can help forex traders identify market trends, confirm trade signals and understand market psychology. However, volume analysis in forex is not as straightforward as in other financial markets, as forex volume is not directly observable and varies depending on different sources and methods. Therefore, traders must be aware of and adequately mitigate the risks …

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