Moving Averages are by far the most widely used and easy to understand forex indicator. They display right on top of your chart and mechanics are very easy to understand – a moving average or MA – is quite simply the average price over a given period.
This is one of the more common Moving Averages – SMA100 – the Simple Moving Average of the close price for the last 100 bars. We have placed the SMA100 over the GBP/USD forex pair on a 4 hour chart.
The simplest form of MA analysis is checking where price is in relation to the MA – is price above the 100SMA? Look to buy. Is price below? Look to sell.
That is, when GBP/USD is above the 100SMA, we will look to buy lows, when it below the 100SMA, we will look to sell highs:
More News Posts
Market Forecast and Daily News
1. Market Forecast & Signal ចំណាំ៖ ក្រុមការងារយើងខ្ញុំគ្រាន់តែប្រឹក្សាដើម្បីជាជំនួយដល់ការជួញដូរឲ្យកាន់តែភាពល្អប្រសើរតែប៉ុណ្ណោះរាល់ការសំរេចចិត្តផ្សេងៗគឺអាស្រ័យលើលោក លោកស្រី ដែលជាអតិថិជន 2.…
MARKET UPDATE OUTLOOK: Forex, Commodities and Indices [Monday day, September 16, 2024]
The US dollar closed lower on Friday to its lowest…
Currencies listless as markets waffle over Fed rate cut
The yen lounged around its highest levels for the year…
Market Forecast and Daily News
1. Market Forecast & Signal ចំណាំ៖ ក្រុមការងារយើងខ្ញុំគ្រាន់តែប្រឹក្សាដើម្បីជាជំនួយដល់ការជួញដូរឲ្យកាន់តែភាពល្អប្រសើរតែប៉ុណ្ណោះរាល់ការសំរេចចិត្តផ្សេងៗគឺអាស្រ័យលើលោក លោកស្រី ដែលជាអតិថិជន …
MARKET UPDATE OUTLOOK: Forex, Commodities and Indices [Friday, September 13, 2024]
The euro strengthened against the dollar on Thursday after the…
Dollar drops, gold near record high as bets for big Fed cut ramp up
Investors on September 13 ratcheted up bets for a super-sized…
Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation
Most Asian stocks rose on Thursday with technology shares tracking…
US stock futures inch lower with CPI data, Harris-Trump debate on tap
U.S. stock index futures fell slightly in evening deals on…
US stock futures steady with inflation, rate cuts in focus
U.S. stock index futures were range bound in evening deals…
Dollar tentative, yen dips on muddled Fed rate-cut outlook
The dollar held to tight ranges on Monday while the…
