Moving Average Strategy in Forex EXPLAINED
The moving average is one of the most widely used technical indicators in forex. A moving average (MA) is a technical analysis tool used to help spot trends, confirm support and resistance levels, and identify possible trading opportunities by smoothing out price action. The MA typically consists of short-term, medium-term, and long-term components. The short-term component, more reactive to price changes, is commonly referred to as the ?MA?, while the two longer-term components are called ?MAs?.
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