Here you can see a weekly chart of Eur & Usd showing a Gann Fan tool in this date at the level of 1 usd.
The close price is expressed by a Weighted Moving average (48 bars/weeks and a offset of 12 bars/weeks)
As you can see, the division lines 1/8 and 1/2 of Gann Fan Tool perfectly match that the trends marked as that average.
surprising coincidence or something else?
Will the euro fall this year against the dollar?
All is possible...
;)
The close price is expressed by a Weighted Moving average (48 bars/weeks and a offset of 12 bars/weeks)
As you can see, the division lines 1/8 and 1/2 of Gann Fan Tool perfectly match that the trends marked as that average.
surprising coincidence or something else?
Will the euro fall this year against the dollar?
All is possible...
;)
