Explain what bollinger bands mean

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Reference no: EM131564200

We discussed technical analysis tools as part of our forecasting chapter. Many financial web sites provide these tools free of charge. We used free tradingview.com during our lectures. You are assigned a currency for this course. (Swedish Kronas) Using your currency's exchange rate versus the US Dollar, please draw Bollinger Bands on a technical analysis chart for the past one year. Please explain what Bollinger Bands mean. Please provide a support and a resistance level for your currency's exchange rate versus the US Dollar.

Reference no: EM131564200

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