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Forex Market Trends Diagnostics With Bollinger Bands

As one the most useful technical indicators, Bollinger bands are vital to many technically oriented forex traders. By extending their functionality through the use of Bollinger bands, traders can achieve a greater level of analytical performance using this simple yet elegant tool for both their trending and fading strategies.

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January 5, 2009

Forex Market Summary 02.01.2009

In last Friday’s forex market, the dollar dropped despite the uncertainty of the situation in the Middle East, but still remains in high leve, the dollar index rose to the highest 81.92, the lowest back to 80.90, closing at 81.84. European monetary system as a whole showed a pattern of decline, the euro bounced back [...]