fbpx

Forex Smart Trade Results – Thursday, April 20, 2023 – $1,931

Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results – Wednesday, April 19, 2023 – $8,941
April 24, 2023
Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results – Friday, April 21, 2023 – $12,711
April 24, 2023

Forex Smart Trade Results – Thursday, April 20, 2023 – $1,931

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

Using Moving Averages to Find the Trend.

Continuing our discussion regarding using moving averages to find the trend, what some traders do is that they plot a couple of moving averages on their charts instead of just ONE.

This gives them a clearer signal of whether the pair is trending up or down depending on the order of the moving averages.

Let me explain.

Position of Moving Averages

In an uptrend, the “faster” moving average should be above the “slower” moving average, and for a downtrend, vice versa.

For example, let’s say we have two MAs: the 10-period MA and the 20-period MA. On your chart, it would look like this:

Faster moving average above slower moving average

Above is a daily chart of USD/JPY.

Throughout the uptrend, the 10 SMA is above the 20 SMA.

As you can see, you can use moving averages to help show whether a pair is trending up or down.

By combining this with your knowledge of trend lines you decide whether to go long or short a currency pair.

You can also try putting more than two moving averages on your chart.

Just as long as lines are in order (faster MA over slower MA in an uptrend, slower MA over faster MA in a downtrend), then you can tell whether the pair is in an uptrend or in a downtrend.

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

Day Trade Forex

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