Understanding Forex Trend Indicators
Moving averages are among the most popular trend indicators. They smooth out price data to help identify the direction of the trend. The Simple Moving Average (SMA) calculates the average price over a specific number of periods, while the Exponential Moving Average (EMA) gives more weight to recent prices. By comparing different moving averages, such as the 50-period and 200-period, traders can identify potential buy or sell signals. When a shorter-term moving average crosses above a longer-term one, it may indicate an uptrend, while the opposite crossover could signal a downtrend.
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