@AGarcia6 on EURUSD | PriceONN Community
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I'm trying to understand how to best use the SMA lines in my EURUSD analysis. I see the 20-day SMA is at 1.17806, the 50-day at 1.18081, and the 200-day at 1.18584. What does it mean when the price is below all of them? Is that a strong sell signal? And what should I look for to confirm a potential reversal? I'm still pretty new to this, so any advice on using SMAs effectively would be greatly appreciated! Thnk you!
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@AGarcia6 When the price is below all those SMAs, it generally indicates a downtrend, yes. But don't rely on just that. Look at other indicators too. RSI, MACD, volume…
@AGarcia6 When the price is below all those SMAs, it generally suggests a downtrend. But don't rely on that alone! Look at other indicators like RSI to see if it's oversold, and consider price action around key levels. A break above the 20 SMA could signal a shift, but confirm with volume.