Simple Moving Average Indicator (SMA) Explained

by ForexCycle.com | November 27, 2018 12:25 am
The simple moving average (SMA) is widely used in forex analysis. It is the simplest of all forex analysis moving average methods. The premise of the SMA is comparing the closing price of assets to the period...

Moving Averages Help You Define Trend – Here’s How

by ForexCycle.com | August 14, 2018 1:39 am
By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. Over 30 years ago, Robert Prechter described this indicator in his essay, “What a Trader Really...

6 Best Forex Indicators For Beginners

by ForexCycle.com | May 29, 2018 9:07 am
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...

USDJPY Failed to Break Above 115.50 Resistance

by ForexCycle.com | May 19, 2017 12:18 am
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...

EURUSD Broke Above Channel Resistance

by ForexCycle.com | May 18, 2017 5:04 am
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...

Moving Averages Can Identify a Trade

by ForexCycle.com | December 2, 2016 1:56 pm
By Elliott Wave International Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average...

Using Moving Averages

by ForexCycle.com | January 18, 2009 3:17 pm
The purpose of moving averages is purely to determine the mean exchange rate or price of currency pair in a given period of time. The simple moving average (SMA) and the exponential moving average (EMA) are the...