$US moves above MA200 on the daily chart (0.01724).
Folks, what is a moving average? Here’s the quick version 👇
Many people use the daily closing price to confirm whether price has moved above or fallen below a moving average. It’s common for price to cross it intraday and then move back.
A move back above a long-term moving average is often interpreted as one sign that the trend may be improving, while a move below it is often seen as a sign of weakness. However, a single crossover isn’t enough to draw a firm conclusion.
With leveraged trading, first consider whether you can handle the worst-case scenario before thinking about what the signal might mean.
#US
Personal notes only; not investment advice.
Folks, what is a moving average? Here’s the quick version 👇
Many people use the daily closing price to confirm whether price has moved above or fallen below a moving average. It’s common for price to cross it intraday and then move back.
A move back above a long-term moving average is often interpreted as one sign that the trend may be improving, while a move below it is often seen as a sign of weakness. However, a single crossover isn’t enough to draw a firm conclusion.
With leveraged trading, first consider whether you can handle the worst-case scenario before thinking about what the signal might mean.
#US
Personal notes only; not investment advice.