Understanding how #MovingAverage indicators work can help traders open better positions.
The Moving Average is a simple tool used in technical analysis to identify trends before they happen. These indicators are known as described as ‘lagging’ indicators because they determine current levels of support and resistance based on past prices in the same market.
If the calculated moving average is rising, this signals an upwards trend ☝️
If the calculated moving average is declining, this signals a downwards trend 👇
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