fbpx

Forex Smart Trade Results, Monday, May 1, 2023 – $2,444

Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Friday, April 28, 2023 – $10,048
May 16, 2023
Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Tuesday, May 2, 2023 – $15,276
May 16, 2023

Forex Smart Trade Results, Monday, May 1, 2023 – $2,444

Today’s-Forex-Smart-Trade’s-Trade-Results

How to Confirm Trend Direction with Moving Average Envelopes.

Let’s examine how to confirm trend direction with moving average envelopes.

The foundation of moving average envelopes (MAE) is the moving average.

They can use the moving average envelopes as a trend-following indicator.

The direction of the moving average determines the direction of the envelopes.

When the envelopes are moving higher, the price is in an uptrend.

If the envelopes are moving lower, the price is in a downtrend.

Neutral Trend

When the envelopes are moving sideways, the price is neither in an uptrend nor a downtrend.

The trend is neutral, and the price is considered directionless.

You should pay attention when the price moves above or below the envelopes.

Trends often begin with a strong move.

If the price surges above the upper envelope, this is bullish.

When the price plunges below the lower envelope, this is bearish.

Buy Signal

If the price closes above the UPPER envelope, buy.

Sell Signal

If the price closes below the LOWER envelope, sell.

Example: GBP/USD

In the chart below, notice how the 20-day simple moving average (orange line) and the upper and lower envelopes (blue lines) are moving higher.

Moving Average Envelope Example GBPUSD

See how the price managed to close above the moving average?

To confirm that the trend has changed from bearish to bullish, you could wait until the price has also closed above the upper envelope.

Today’s-Forex-Smart-Trade’s-Trade-Results

Learn to Currency Trade

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.

Verify Forex Smart Trade LLC