$XAN has moved above MA200 on the daily chart (0.0108).
Let’s use this figure to talk about moving averages.
When confirming a break above or below, many people use the daily closing price. It’s not uncommon for the price to cross the line intraday and then return to its original side.
A moving average is simply a line calculated from historical data. It has no special power in itself; it often attracts attention because so many people are watching it.
All data describes price movements that have already happened, and the market could just as easily move in the opposite direction.
Let’s use this figure to talk about moving averages.
When confirming a break above or below, many people use the daily closing price. It’s not uncommon for the price to cross the line intraday and then return to its original side.
A moving average is simply a line calculated from historical data. It has no special power in itself; it often attracts attention because so many people are watching it.
All data describes price movements that have already happened, and the market could just as easily move in the opposite direction.